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Breaking: Nigeria Owed N25.7trn Debt As At June 30 — DMO
The DMO said this in its ‘Total Public Debt Portfolio’ obtained from its website on Wednesday in Abuja.
The reports showed that as at Dec. 31, 2018, Nigeria’s total debt stock stood at N24.38 trillion. The present figure shows an increase in the debt stock of N1.32 trillion.
The DMO said that the current total debt stock comprised both the Federal Government debt, that of the 36 states and the Federal Capital Territory (FCT).
For the Federal Government, the DMO said it owed N20.42 trillion, while the states and FCT owed N5.27 trillion. Of the Federal Government debt, N7.01 trillion was categorized as external debt, while N13.412 trillion was categorized as domestic debt.
Ndume faults N100bn budgetary allocation to defense (Opens in a new browser tab) For the states and the FCT, N1.309 trillion was owed externally, while N3.966 trillion was owed domestically, the DMO said.
Giving details of the Federal Government’s domestic debt stock by instrument, the DMO said Bonds accounted for N9.691 trillion and Treasury Bills N2.651 trillion.
Others are Treasury Bonds N125.9 billion, Savings Bond N10.431 billion, Sukuk N200 billion, Green Bond N25.69 billion and Promissory Notes N707.7 billion. Meanwhile, for debt service in the second quarter of 2019, the DMO said that the nation had spent N76.951 billion.
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Pakistan Observes KASHMIR SOLIDARITY DAY in Abuja
Joel Ajayi
The people of Pakistan inside the country and across the world is observing Kashmir Solidarity Day Today’s Monday express solidarity with Kashmiris in their struggle for the right to self-determination.
Since 1990, the Nation of Pakistan observes February 5th as Kashmir Solidarity Day.
According to the statement issued by the High Commissioner of Islamic Republic of Pakistan Abuja, Nigeria H.E Mr Sohail Ahmad Khan stated that, Kashmir Solidarity Day serves as an annual reminder of the prolonged conflict in Indian Illegally Occupied Jammu and Kashmir, where the struggle for self-determination has left an indelible mark on the lives of innocent Kashmiris.
“Multiple UN Resolutions unambiguously declare that the final disposition of the State of Jammu and Kashmir will be made in accordance with the will of the people expressed through the democratic method of a free and impartial plebiscite conducted under the auspices of the United Nations.
“Numerous international, UN organizations as well as UN Special Rapporteurs have reported gross human rights violations in Jammu and Kashmir.
“Media and press is under tremendous pressure by Indian Government especially in Indian Illegally Occupied Jammu and Kashmir which is evident from India’s ranking of 161 out of 180 countries as per 2023 World Press Freedom.
“Jammu and Kashmir has been converted into world’s most militarized zone and the largest prison on earth. Pakistan stands firm with Kashmiri brothers and sisters and will continue to provide unwavering diplomatic support.
“Pakistan demands that International community including United Nations and it’s relevant Human Rights Machinery, Civil Society Organizations, Media Houses and other defenders of Human Rights to fulfill their obligations towards besieged Kashmiris by playing their part to end the rule of tyranny and oppression.”
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