Tinubu's Govt Has Incurred N24.33Trillion Debt in Just Three Months - Debt Management Office

Debt Management Office Says Nigeria Incurred N24.33trillion Debt In Just Three Months!

According to the revelation made by the Office in a statement issued on Thursday in Abuja, the current public debt figure encompasses both domestic and external debts of the Nigerian government, the 36 state governments, and the Federal Capital Territory (FCT).

The DMO report states, “Nigeria’s total public debt stood at N121.67 trillion (USD91.46 billion) as of March 31, 2024.

“The comparative figure for December 31, 2023, was N97.34 trillion (USD108.23 billion). Total Domestic Debt amounted to N65.65 trillion (USD46.29 billion) while Total External Debt stood at N56.02 trillion (USD42.12 billion).”

Also, on Thursday, it was reported that the government had secured loans totaling $4.95billion from the World Bank over the past 12 months, amid concerns about rising costs associated with servicing external debt.

Meanwhile, the government anticipates the approval of fresh loans amounting to $4.4 billion from both the World Bank and the African Development Bank within the coming year.

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Posted: at 21-06-2024 06:08 AM (10 months ago) | Addicted Hero

Well  we're still waiting for the useless diarrhea running mouth Reno to talk provided the Yoruba Tinubu connection don't block his way. Tinubu is the most  reckless resident Nigeria has had in the last  decades. All military leader combined are far better off than this crooked crook and his cabal

Posted: at 21-06-2024 07:38 AM (10 months ago) | Gistmaniac

Country that they have already sold since May 29, 2023

Posted: at 21-06-2024 09:12 AM (10 months ago) | Gistmaniac

 

Posted: at 21-06-2024 11:46 AM (10 months ago) | Grande Master