Public Debt
Debt servicing costs 63.56% of Nigeria’s $5.63 billion foreign payments in 2024
Debt servicing has emerged as a significant component of Nigeria’s foreign payment obligations in 2024, accounting for a staggering 63.56%...
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FG secures $134 million AfDB loan to boost seeds and grain production nationwide
The Federal Government has secured a $134 million loan from the African Development Bank (AfDB) to support farmers in enhancing...
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Federal government’s domestic debt stock hits N66.957 trillion in H1 2024
The Debt Management Office (DMO) reports that the federal government's domestic debt stock by instrument reached N66.957 trillion by the...
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Nigeria’s fiscal deficit surpasses budget projections, reaches 7.6% of GDP
Nigeria’s fiscal deficit continues to swell, with recent figures showing a budget deficit of 7.6% of GDP as of August...
Read moreDetailsFCT, States’ domestic debt rise by N198.96 billion in three months
The domestic debt of Nigeria’s 36 states and the Federal Capital Territory (FCT) increased by N198.96 billion within three months.
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Top 10 Nigerian states with highest domestic debt in Q2 2024
This article gives a detailed analysis of the top 10 Nigerian states with the highest domestic debt as of Q2...
Read moreDetailsFG’s budget deficit jumps to N4.53 trillion in three months amid low revenue collection
The federal government of Nigeria’s fiscal deficit surged to N4.53 trillion in the second quarter of 2024, up from N3.88...
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14 states got 70% of their total revenue from FAAC receipts in 2023 – BudgIT
BudgIT, a leading civic-tech organization advocating for fiscal transparency, has revealed that 14 Nigerian states generated at least 70% of...
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“I grew Nigeria’s FX reserves from $3.7 billion to $45 billion, saved $25 billion in ECA” — Obasanjo
Former Nigerian President Olusegun Obasanjo has recounted how he boosted the country’s foreign reserves from a meager $3.7 billion to...
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Nigeria’s public debt hits N134.3 trillion in Q2 2024
Nigeria's public debt stock surged to N134.3 trillion ($91.3 billion) by the end of the second quarter of 2024.
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