In a statement on Tuesday night on its website, the DMO said
the latest figure shows an increase of N2.04tn within a period of three months.
It said the public debt stock covers the total domestic and
external debt of the Federal Government and state governments and the Federal
Capital Territory.
The DMO also said the total public debt to GDP is now 23.27
per cent, which is below Nigeria’s self-imposed limit of 40 per cent.
The statement reads in part, “The total public debt stock as
of March 31, 2022, was N41.60tn or $100.07bn, according to the Debt Management
Office.
“The amount represents the domestic and external debt stocks
of the Federal Government of Nigeria, the thirty-six state governments and the
Federal Capital Territory. The comparative figures for December 31, 2021, were
N39.56tn or $95.78bn.”
The DMO said that the total public debt stock includes new
domestic borrowing by the FGN to partly finance the deficit in the 2022
Appropriation Act, the $1.25bn Eurobond issued in March 2022 and disbursements
by multilateral and bilateral lenders.
According to the debt office, there were also increases in
the debt stock of the state governments and the FCT.
0 comments:
Post a Comment