The Director General of the DMO, Patience Oniha, disclosed the debt figures on Friday in Abuja.
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The DMO gave the warning to the FG as part of recommendations after analysing the nation’s debt profile in 2022.
The position of the human rights organisation was contained in a letter dated May 13, 2023 to the World Bank
The LCCl President, Dr. Michael Olawale-Cole, said this during the chamber’s second quarter state of the economy conference on Tuesday in Lagos.
The figures from the latest public debt was made public by the Debt Management Office in a statement on Thursday.
This was disclosed in a statement issued by the Debt Management Office yesterday in Abuja.
The latest figure was contained in a statement obtained from DMO’s website on Tuesday on Nigeria’s indebtedness.
Domestic debt stock data from the Debt Management Office for Bayelsa State as of March 31 stood at N151.41 billion.
Oniha announced her reappointment in a tweet on DMO’s verified twitter handle on Friday.
This was according to a statement released by the Debt Management Office on its website on Tuesday.
They include a N75 billion FGN bond at 13.5 per cent interest rate, due in March 2025 (10 year re-opening).
The Director-General of the Debt Management Office, Patience Oniha, made this known in a statement on Thursday.
This is according to a DMO document obtained by the News Agency of Nigeria on Friday in Abuja.
The IMF, which made the projection in its 2021 Article, also estimated 2021 debt servicing-to-revenue ratio at 85.5 per cent.
The former Commissioner said Oyetola was the chairman of the Board of the Debt Management Office in those years.
DMO, which made this known in a statement on Thursday, stated that the auction received a total of 160 bids.
The calendar shows that on January 16, the DMO will issue a N70 billion to N80 billion, four years and 20 years Federal Government of Nigeria bond, with interest rate of 12.50 per cent.
The data on the public debt stock was made available to the media on Tuesday in Abuja by the Debt Management Office.
The DMO said the offer was for the Federal Government of Nigeria Savings Bond with the following details:
To arrive at the figures, data was supplied administratively by the Debt Management Office, while the NBS verified and validated it, the report said