Debt profile

Nigeria’s debt servicing bill went up by 14.68 percent to N3.36trn in 2022, data from the Debt Management Office has shown. According to DMO, N2.93tn was spent on external and domestic debt servicing payments in 2021. Earlier, the DMO…

The Debt Management Office in Nigeria has decried Nigeria’s growing debt profile, blaming it on low revenue generation and remittances, as well as annual deficit budget by the Federal Government. The Director-General, DMO, Patience…