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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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BREAKING NEWS: President of the Badminton Federation of Nigeria, Orbih, Elected into the Badminton World Federation Council
Joel Ajayi
In a significant development for Nigerian badminton, the President of the Badminton Federation of Nigeria (BFN), Mr. Francis Orbih, has been successfully elected as a member of the prestigious Badminton World Federation (BWF) Council.
This remarkable achievement not only highlights Orbih’s dedication and contributions to the growth of badminton in Nigeria and Africa, but also marks a proud moment for the entire Nigerian sporting community.
His election into the BWF Council places Nigeria firmly on the global badminton map and is expected to open new doors for the development of the sport across the continent.
Francis Orbih’s leadership at the BFN has been characterized by innovation, growth, and renewed international engagement, qualities that no doubt contributed to his recognition on the world stage. His new role at the BWF will enable him to influence key decisions affecting the future of badminton globally.
Congratulations to Mr. Francis Orbih on this historic Achievement.
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