Debt Management Office

Peter Obi: N10trn being spent on servicing Nigeria’s ‘unproductive’ debts Peter Obi, former governor of Anambra state, says N10 trillion is spent by the federal government on ‘unproductive’ debts. The Cable reported that Obi,…

Emeka Okoroanyanwu Nigeria's debt stock has hit the N50 trillion mark, a release by the Debt Management Office (DMO) has said. The DMO said the county's total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion…

Nigeria’s total public debt may hit N81.64 trillion this year, according to findings by The Punch. The figure was arrived at based on the 2022 Debt Sustainability Analysis Report by Debt Management Office (DMO), The Punch reports. The…

Nigeria’s Debt Management Office (DMO) is offering for auction four N360 billion Federal Government of Nigeria (FGN) Bonds for subscription. The first offer is a February 2028 FGN Bond valued at N90 billion (10-year re-opening), at an…

President Muhammadu Buhari’s administration may be leave behind a debt stock of over N77 trillion for the incoming Administration from the current debt of N44.06 trillion as at Third Quarter of last year. While the ways and means is…

The Senate has threatened to reduce the budgetary allocations of the country’s over 100 Ministries, Departments, and Agencies (MDAs) for 2023. The threat was based on MDA heads repeatedly failing to appear before the Senate Public…

Akani Alaka writes on why President Muhammadu Buhari’s investment in rail infrastructure is becoming problematic for the country. Last Friday, President Muhammadu Buhari presented his last budget proposal as the head of the…

Despite the alarming debt profile of Nigeria, President Muhammadu Buhari has again asked for the Senate's approval for the issuance of promissory notes totalling over N402 billion. The first of such requests read in plenary by Senate…

The Federal Government’s total debts and contingent liabilities have hit N60.9 trillion even as the figure could balloon to near N65 trillion before the end of the year, as President Muhammadu Buhari-led administration scrambles for any…

President Muhammadu Buhari has approved the renewal of the appointment of Mrs. Patience Oniha as the Director-General of the Debt Management Office (DMO) for a second term of five years. The reappointment is in accordance to Section IV…