DMO sheds light on projected debt stock of N77trn by May 2023


“In a quick response to the question, the Director-General of the Debt Management Office has explained that using the actual Public Debt Stock of N44 trillion as of September 30, 2022, as a basis and taking into account a number of ongoing activities, the Total Public Debt Stock, that is the External and Domestic Debt of the Federal Government, thirty-six (36) State Governments and the Federal Capital Territory would be about N77 Trillion”.

The Debt Management Office (DMO) has thrown more light on how it came about the projected debt stock of N77 trillion by May 2023.

According to the DMO, the figures were given by its…

Source: Nigerian Tribune