FG, States indebted to the tune of N26trn in 2019 —DMO » Latest News » Tribune Online

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The Debt Management Office (DMO), has said that the as at September 2019, the Federal Government, States and the Federal Capital Territory (FCT)  debt profile stood at N26.215 trillion.

The DMO further stated that the comparative figure for June 2019 was N25.701 trillion which implies that in the quarter July to September 2019 the Total Public Debt grew by 2.0%.

The Director General of DMO Ms Patience Oniha said the ratio of Domestic Debt to External Debt at 69:31 was about the same as at June 2019 of 68:32 compared to the target of 60:40 in the Medium-Term Debt Strategy

This is contained in a statement issued by the DMO after a press Conference held on Friday in Abuja.

According to…



Source: Nigerian Tribune