Nigeria's Debt Profile to Exceed N13tn Target   The federal government's borrowings are expected to surpass the initial N13 trillion target to cover the budget deficit in 2025. Analysts at Afrinvest Research, in their 2025 Outlook Report, projected that net issuances of at least N13.7tn may be...

Debt Profile: Revenue Generation Is Nigerian Govt’s Main Challenge – DMO   The Debt Management Office (DMO) says revenue generation is a major constraint of the Federal Government and impacts the country’s debt situation negatively. The Director-General of the DMO, Patience Oniha, said this in a telephone...

In Five Years, Nigeria’s Bilateral Loans Rise By 145%       Nigeria’s loans from China, France, Japan, India and Germany rose from $1.66bn as of December 31, 2015 to $4.06bn as of December 31, 2020, signifying an increase of $2.4bn or 144.58 per cent in five years. This...

Federal Government’s Debt Profile Still Aloft   As Nigeria continues to battle the Coronavirus (COVID-19) pandemic, currently ravaging the nation’s economy, the Federal Government (FG) has announced plans to borrow as much as $6.9 billion from international lenders. The Minister for Finance, Zainab Ahmed, said the plan...

Ogun Debt Profile About N103bn Says Gov Amosun     The Ogun State governor, Senator Ibikunle Amosun, says the debt profile of the state as of Thursday April 12. 2018 stands at N103bn. He, however, promised that he would pay the debt before his administration concludes its term. He...

The country’s debt profile has risen to N16.29tn, the Debt Management Office has said. Statistics obtained from the DMO  showed that the country’s total debt liability had risen to N16.29tn as of June 30, 2016. As of June 2015, the country’s total debt stood at...