This shows that China is not a major source of funding for the Nigerian Government.
The DMO expects to continue to raise funds through Sukuk to support improvement in infrastructure.
The coronavirus knows no boundaries, so governments across the world are struggling to protect their populations and their economies as best they can.
Nigeria's total debt stock as at December 2019 included N21.7 trillion owed by the Federal Government and N5.6 trillion owed by the state governments.
The Senate raised an alarm that Nigeria’s total debt profile now stands at N33trillion, with the approval of the $22.7billion foreign loan request
Though the Debt Management Office (DMO) believes borrowing is necessary, it disclosed the major challenge facing the country.
All the 36 states of the federation contravened the guidelines of the DMO by contracting debts exceeding their 12-month revenues.
August Federal Government (FGN) Bonds auction, conducted on Wednesday, August 21, 2019, recorded its first undersubscription in 2 years.
Most Nigerian bonds quoted on FMDQ website are priced or quoted clean.
The Debt Management Office says the Federal Government savings bond has recorded a total of N13.44bn investment since its inception in March 2017.