In December 2024, Nigeria’s public debt soared to an eye-watering N144.67 trillion, marking a staggering increase of 48.58 percent from N97.34 trillion just a year earlier. This dramatic surge, which represents an addition of N47.32 trillion, paints a concerning picture…
By Seun Ibiyemi Nigeria’s public debt surged by 48.5 per cent year-on-year (YoY) to N144.67 trillion ($94.23 billion) in 2024, up from N97.34 trillion ($108.23 billion) in 2023. This was disclosed by the Debt Management Office (DMO) in its most…
Nigeria’s public debt profile has yet again increased by N8.02 trillion to N142 trillion as at the end of September 30, 2024, driven by the depreciation of the Naira that has continued to affect the country’s cost of external obligation.…
By Esther Agbo In a startling revelation, Dr. Olisa Agbakoba, Senior Partner at Olisa Agbakoba Legal, highlighted that Nigeria’s public debt has soared to a staggering $91.46 billion (N121.67 trillion), despite the nation’s generation of over $1 trillion in revenue…
The Federal Government has borrowed a total of $4.95bn in loans from the World Bank in the past 12 months, pushing the total public debt to N101tn/ amidst worries about the increasing costs of servicing external debt. The nation’s public…
Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced. This new figure is from a total debt of N97.34tn (108.23bn) as of December 2023. The Debt…
By Sodiq Adelakun The Debt Management Office (DMO) of Nigeria has announced that the nation’s public debt has surged to a staggering $108 billion (approximately N97.34 trillion) as of the fourth quarter of 2023. In a statement released on Friday,…
By Seun Ibiyemi The Director General, Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, reacting to the increase in Nigeria’s public debt to N49 trillion from N46 trillion said there are tendencies it may rise to N80…
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars). According to a statement obtained from the DMO official website on Sunday, the total debt stock comprises the…
The Debt Management Office (DMO), has restated the need for Nigeria to operate an efficient tax administration to tackle revenue challenges. Director-General of DMO, Patience Oniha, made the call at the 2022 annual conference with the theme: “Nigeria’s Public Debt…
