2 months ago

05042019 - Nigeria's total debt now N24.4 trillion — DMO

05042019 - Nigeria's total debt now N24.4 trillion —

C M Y K FG, IOCs, indigenous firms create 2bn opportunities for 9 investors in oil, gas Court voids Etisalat sale 41 CDS defends 8 militarisation of elections 13 Nigeria loses N400bn on medical tourism annually BUHARI Bankers Committee unveils N200bn fund for 5 cash crops 20 ** VOL. 26: NO. 63780 FRIDAY, APRIL 5, 2019 Nigeria's total debt now N24.4 trillion DMO •FG owing N19.234 trillion by end of 2018 •Domestic debt is 68.18% of total •New borrowings since 2015 in excess of N7 trillion By Emma Ujah, Abuja Bureau Chief ABUJA The nation’s total debt stock escalated in 2018 to N24.387 trillion (. 437 billion), about N2.7 trillion or 9.1 per cent higher than the N21.725 trillion recorded at end of 2017. Perhaps, the huge addition was recorded in the fourth quarter of 2018 which came with N1.96 trillion or 8.03 per cent increase against the N22.428 trillion recorded at end of September 2018. Director-General of the Continues on Page 5 Naira appreciates to N360.30/ $ in I&E 41 Mr & Mrs SPECIAL ELECTION REPORT 91 PARTIES: Cure or curse? COLUMNISTS Nwaoboshi appeals judgement, says he remains Senator-elect Dickson takes campaign against environmental degradation to IOC 42 30 12 NUC, others propose N823bn varsity education reform AZU 40 DONU 17 OWEI LAKEMFA 31 9