A report recently released by the DMO reveals that the country's debt has hit N31 trillion.
The Debt Management Office revealed that Nigeria's debt stock increased by N2.381 trillion.
The DMO pointed out that the story referred to documents that are incomplete and do not reflect the whole story.
FGN Bonds are backed by the full faith and credit of the Federal Government of Nigeria.
The FGN Savings Bond is backed by the full faith of the Federal Government of Nigeria.
The DMO assured that the Bond offers were going to resume when the conditions change.
For the revised budget, the oil benchmark was reduced from $57 per barrel to $28.
According to data obtained from DMO, $27.66 billion (N9.9 trillion) is the total external debt.
The CBN sells T-bills on a bi-weekly basis to investors and it is one of the safest investments available.
This shows that China is not a major source of funding for the Nigerian Government.
