Home Economy Nigeria’s total debt stock as at December 2021 stood at N39.556 trillion.

Nigeria’s total debt stock as at December 2021 stood at N39.556 trillion.

Director General of the Debt Management Office (DMO) Ms. Patience Oniha made the disclosure at a media interaction on Nigeria’s debt levels at the end of 2021.

Oniha said other arms of government are also responsible for Nigeria’s growing debt.
According to her: “It is not only the President and the Minister of Finance that endorse borrowing. The National Assembly passes the budget which contains how much will be borrowed after dudget defence and public hearings”.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Strike can be resolved in two days – ASUU

The Academic Staff Union of Universities, ASUU, says the Federal Government can resolve the lingering issues within just two days. ASUU President, Professor Emmanuel Osodeke,...

Major 10 News Update you need to know this Thursday Morning

Good morning readers Here is today’s summary from Nigerian Newspapers: 1. A former Governor of Edo State, Adams Oshiomhole, has admitted he does not know...

Why we adopted Peter Obi as our candidate – MiddleBelt Forum

Ahead of the 2023 elections, the Middle Belt Forum on Wednesday, adopted the presidential candidate of the Labour Party (LP), Peter Obi as their...

FG begs ex-military officers protesting unpaid Allowance

The federal government has appealed to military veterans protesting unpaid Security Debarment Allowance for more time. The Permanent Secretary, Ministry of Defence, Ibrahim Abubakar Kana...

Recent Comments