Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

Police react to viral video of Nollywood actress Angela Okorie with armed policemen

11 NWC members reject Anyanwu’s return as PDP secretary

Ajimobi’s legacy remains timeless – Akande-Sadipe

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»Nigeria’s public debt reached N97 trillion in December 2023 – DMO
Breaking News

Nigeria’s public debt reached N97 trillion in December 2023 – DMO

DailyblastBy DailyblastMarch 23, 2024001 Min Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

The Debt Management Office on Friday, March 22, announced that Nigeria’s public debt stock as of 31 December 2023 is N97.341 trillion (108.229 billion dollars). 

The agency which noted that the amount comprised domestic and external debt stocks of the federal government, the 36 state governments and the Federal Capital Territory (FCT), added that the new figure shows an increase of N9.43 trillion over the comparative figure for 30 September 2023.

Related posts:

  1. President Buhari to leave behind debt of N77 trillion for Nigerians – DMO
  2. FG declares December 25, 26, January 1 2024, public holidays
  3. Remain calm, the matter has not reached logical conclusion – Peter Obi tells supporters, heads to Supreme Court
  4. Peter Obi expresses dismay over exit of multinational companies that cost Nigeria N95 trillion

This was largely because of the new domestic borrowing by the federal government to part-finance the deficit in the 2024 budget, and disbursements by multilateral and bilateral lenders.

Loans from multilateral sources constituted 49.77 per cent of the country’s external debt stock, while loans from bilateral sources constituted 16.02 per cent.

The DMO said; 

“At N59.12 trillion, total domestic debt accounted for 61 per cent of the total public debt stock, while external debt at N38.22 trillion accounted for the balance of 39 per cent.

“That is a total of 63.79 per cent, mostly concessional and semi-concessional loans. Whilst the DMO continues to employ best practices in public debt management, the recent and ongoing efforts of the authorities to shore up revenue will support debt sustainability.”

Post Views: 224
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticlePower station collapses, blackout hits Abuja, Kogi
Next Article FG reiterates plan to boost power supply to 6,500MW in 6 months
Dailyblast

Related Posts

11 NWC members reject Anyanwu’s return as PDP secretary

June 25, 2025

Ajimobi’s legacy remains timeless – Akande-Sadipe

June 25, 2025

NYSC denies service extension for corper who criticised Tinubu

June 25, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Police react to viral video of Nollywood actress Angela Okorie with armed policemen June 25, 2025
  • 11 NWC members reject Anyanwu’s return as PDP secretary June 25, 2025
  • Ajimobi’s legacy remains timeless – Akande-Sadipe June 25, 2025
  • NYSC denies service extension for corper who criticised Tinubu June 25, 2025
  • Tinubu’s govt filled with yes men, dependants, not truth tellers – Ali Ndume June 25, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,410 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,157 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025667 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,410 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,157 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025667 Views
Our Picks

Police react to viral video of Nollywood actress Angela Okorie with armed policemen

11 NWC members reject Anyanwu’s return as PDP secretary

Ajimobi’s legacy remains timeless – Akande-Sadipe

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.