Tag: Debt

2 posts.

Ogun Debt Profile: No Cause For Alarm – Finance Commissioner

The Ogun State government reassured residents on Monday regarding concerns about the state’s debt profile, which exceeds N200 billion, asserting that there is no need for alarm. The Prince Dapo Abiodun-led administration affirmed its commitment to positioning Ogun as a leading economy in Nigeria by maximizing human and capital resources. The state Commissioner for Finance,…

Nigeria’s Debt Now N87trn Up By 75% In 3months

The Debt Management Office (DMO) has reported that Nigeria’s total public debt reached N87.38 trillion by the end of the second quarter of 2023, representing a significant increase of N37.53 trillion (or 75.29%) compared to the N49.85 trillion recorded at the end of March 2023. This figure encompasses the N22.71 trillion Ways and Means Advances…