Nigeria’s public debt rises to N45.25 trillion – DMO

  • News
  • September 13, 2022
  • 0 Comments

Nigeria’s public debt rises to N45.25 trillion – DMO

Tamarauemi Ebimini

Reviewed official documents from the monthly issuance reports by the Debt Management Office (DMO) and the Central Bank of Nigeria, CBN, have shown that Nigeria’s debts have risen by about N4 trillion in the past five months to N45.25 trillion.

As Nigeria’s rising debt burden has continued to throw up heated public debates, private sector experts have expressed concerns over the country’s fiscal sustainability amidst dwindling national revenue.

According to the document, the federal government accounted for more than 88 per cent of the debt stock.

The documents revealed that the federal government raised about N3.34 trillion through its regular issuance of domestic debt instruments between April and August.

The domestic debts rose from N24.987 trillion in the first quarter to N28.322 trillion by August.

The debt stock, which stood at N32.92 trillion by December 2020, rose to N39.556 trillion by December 2021 and N41.6 trillion by the end of the first quarter of 2022.

  • Related Posts

    • News
    • September 19, 2026
    Ondo APC Reconciliation Committee Engages Key Stakeholders, moves to Constitute 9-Man Committees Across 18 LGAs

    Ondo APC Reconciliation Committee Engages Key Stakeholders, moves to Constitute 9-Man Committees Across 18 LGAs _Chief of Staff, Prince Omojuwa describes Gov. Aiyedatiwa as Champion of Peace_ The Ondo State…

    • News
    • September 18, 2026
    Olabode Omoyele demands Ondo inclusion in Lagos-Calabar Coastal Highway, wants FG attention on Aboto-Atijere, Ugbonla-Erunna Bridge

    Olabode Omoyele demands Ondo inclusion in Lagos-Calabar Coastal Highway, wants FG attention on Aboto-Atijere, Ugbonla-Erunna Bridge     A chieftain of the All Progressives Congress (APC) in Ondo State, Mr.…

    Leave a Reply

    You Missed

    NAFDAC Warns Of Toxic Concoctions After 48 Deaths In Ondo.

    NAFDAC Warns Of Toxic Concoctions After 48 Deaths In Ondo.

    Petrol Price Debate Deepens As Tinubu, Atiku Camps Trade Arguments.

    Petrol Price Debate Deepens As Tinubu, Atiku Camps Trade Arguments.

    Tinubu Seeks Bigger Role For Nigeria In Global Creative Economy.

    Tinubu Seeks Bigger Role For Nigeria In Global Creative Economy.

    NSCDC Custody Deaths: Federal Probe Targets Accountability After Niger Tragedy.

    NSCDC Custody Deaths: Federal Probe Targets Accountability After Niger Tragedy.

    Minna mining deaths: Investigation committee member vows to prioritise truth and victims’ interests.

    Minna mining deaths: Investigation committee member vows to prioritise truth and victims’ interests.

    Don’t jump the fence, be like Dayo Faduyile, Principal charges entry level students