DOWNLOAD THE ABN NEWS ALL IN ONE MOBILE APP
Now Available On:
Connect with us

Economy

BREAKING: Nigeria’s Debt Rises By N2.3trn, Hits N31trn – DMO

Published

on

The Debt Management Office on Wednesday released Nigeria’s total public debt stock as of June 30, 2020, and put the country’s entire debt at N31trn, indicating an increase of N2.38trn within a space of three months.

Nigeria’s total public debt stock includes the debt stock of the Federal Government, the 36 states, and the Federal Capital Territory.

Just as the country’s public debt stock, the DMO also released reports on Nigeria’s Actual External Debt Service Payments in Second Quarter, 2020, as well as Nigeria’s External Debt Stock as of June 30, 2020.

For the country’s public debt stock as of June 30, 2020, the DMO said, “The data shows that in naira terms, the total public debt stock which comprises the debt stock of the Federal Government, the 36 state governments and the FCT stood at N31.009trn or $85.897bn.

“The corresponding figures for March 31, 2020, were N28.628trn or $79.303bn.”

The debt office explained that the increase in the debt stock by N2.381trn or $6.593bn was accounted for by the $3.36bn budget support loan from the International Monetary Fund, new domestic borrowing to finance the revised 2020 Appropriation Act.

It said this includes the issuance of the N162.557bn Sukuk, and promissory notes issued to settle claims of exporters.

Source

Over 200 PDP, APGA members defect to APC In Imo

De Latinos Ads


GUU Ad

 

 


DISCLAIMER


For publication of your news content, articles, videos or any other news worthy materials, please send to abnonlinetv@gmail.com

For Advert and other info, you can call 07013559600 or send a WhatsApp Message to 07013559600

Advertisement
2 Comments

2 Comments

  1. Pingback: Nigeria Overtakes India As World Capital For Under-five Deaths | ABN TV

  2. Pingback: Nigeria Overtakes India As World Capital For Under-five Deaths – PDUNAMIS

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending