Nigeria has been identified as the third-largest debtor to the World Bank’s International Development Association (IDA), with a total debt of $17.1 billion as of September...
President Bola Tinubu’s administration has formally requested the approval of the Nigerian Senate for a borrowing plan totaling $8.6 billion and €100 million. The request was...
According to Nigeria’s Debt Management Office (DMO), total public debt increased by 75% q/q or N38.5trn to N87.4trn at end-June ’23. On a y/y basis, public...
This unprecedented debt stock is expected to climb higher as the government implements significant reforms aimed at increasing its revenue base and fulfilling its promises
Nigeria's domestic debt servicing costs surged to N874.13 billion, while its expenditure on external debt servicing soared to $801.36 million (equivalent to N368.87 billion)
Nigeria’s external debt to the World Bank has increased by more than 120% under President Muhammadu Buhari’s administration, according to data released by the Debt Management...
The World Bank’s recently released Macro Poverty Outlook for Nigeria has highlighted the nation’s constant fiscal deficit as a major contributor to its public debt stock....
Nigeria’s borrowing from China jumped a whopping 209.15 percent under President Muhammadu Buhari’s administration. This startling revelation was disclosed by the Debt Management Office (DMO) which...
The Federal Government's revenue projection for 2023 shows that 82% of its revenue will be used to pay interest on its debt, an improvement from 96.3%...
President Muhammadu Buhari has obtained the approval of the House of Representatives, to access a fresh N1 trillion loan from the Ways and Means Advances (WMAs)...