Published 9 May 2021. Victor Muruako in Abuja on Thursday April 22, 2021, Office of The Accountant General of the Federation, United Nations Institute for training and Research, West African Institute for Financial and Economic Management. CSLS is a member of the Nigerian Stock Exchange. Share Facebook Twitter WhatsApp ReddIt Pinterest Email Linkedin. In projections for 2020, Nigeria plans to spend N2.4 trillion to service both local and foreign debts. Nigeria’s total debt profile rose to N31. Nigeria's Total Public Debt Portfolio as at March 31, 2019 (11122 downloads) The total public debt stocks of the Federal Government of Nigeria s tates within the Nigerian federation, and the Federal Capital Territory (FCT) jumped to N28.63 trillion as of Q1 2020.This is according to a report by the National Bureau of Statistics (NBS) which was released on Friday. Government Debt to GDP in Nigeria increased to 34.98 percent in 2020 from 29.10 percent in 2019. Nigeria’s debt profile increased by N2.38trn between March and June 2020, the Debt Management Office (DMO) has revealed. Former Vice President Atiku Abubakar has expressed shock that the Buhari administration in the first quarter of 2020, spent 99 percent of revenue to service debt. Nigeria's Public Debt as at June 30, 2020. pdf. 64 trillion, representing 65.11 per cent of the entire debt profile. Nigeria's Public Debt Stock as at March 31, 2020. pdf. Nigeria’s debt profile hits N28.63tn . “In 2020, for instance, debt servicing to revenue was close to 80 per cent. Nigeria's Debt stock currently stands at 32.91000000000000 Naira as of December the Thirty-first 2020. Nigeria’s public debt hit a total of N32.2tn at the end of September 2020, the Debt Management Office announced on Thursday. DMO Social Gathering to Mark It's 20th Anniversary, Presentation of N162.5557 Billion 2020 Sovereign Sukuk Symbolic Cheque to Federal Ministry of Works and Housing, President Buhari Justifies Borrowing to Fund Infrastructure, Press Release - Facts About Chinese Loans to Nigeria, DMO Annual Report & Statement of Accounts, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Monday May 10, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Friday May 07, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Thursday May 06, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Wednesday May 05, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Tuesday May 04, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Friday April 30, 2021, The DMO received the Management of the Fiscal Responsibility Commission (FRC) led by its Chairman, Barr. Kindly share this story: DG, Debt Management Office, Patience Oniha. Download (30 KB) pdf. Presentation of N162.5557 Billion 2020 Sovereign Sukuk Symbolic Cheque to Federal Ministry of Works and Housing - 22 July 2020 President Buhari Justifies Borrowing to Fund Infrastructure - 16 September 2020 Alhaji Mohammed said the figure of Nigeria’s debt to revenue ratio of 99% in the first quarter of 2020, quoted by the former Vice President, is not … By Okorie234 Last updated Jan 14, 2021. Nigeria’s revenue when compared to GDP is also incredibly weak. It said Nigeria’s total public debt stock as of June 30, 2020 stood at N31trn. Okechukwu Nnodim. Nigeria Redeems USD500 Million Eurobond - 28 January 2021 Presentation of N162.5557 Billion 2020 Sovereign Sukuk Symbolic Cheque to Federal Ministry of Works and Housing - 22 July 2020 President Buhari Justifies Borrowing to Fund Infrastructure - 16 September 2020 Nigeria’s total debt profile has now risen to N25.7trillio, as a result of the crisis which has forced the government to borrow”. The Director-General of the Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, says Nigeria’s debt profile is unsustainable. Yusuf said this in an interview with Channels TV. Most of these debts were borrowed in the first 4 years of the President Muhammadu Buhari’s administration via multilateral, development, bilateral and commercial loans (Eurobonds and Diaspora bonds). “No one should be deceived. The video of the interview was posted on the television station’s YouTube channel on Sunday. The Federal Government Tuesday disclosed that Nigeria’s debt profile will rise from N31 trillion it was as at June this year to N38.68 trillion by December 31, 2021. By Adejayan On Sep 9, 2020. Debt Profile of Nigeria’s 36 States. In the current budget, the debt service provision is about N3.2tn. Sami Olatunji, Abuja . This is a crisis!”, Atiku said in a statement today. Nigeria's Total Public Debt Stock as at September 30, 2019 (3597 downloads) 20 Jan 2020. External Debt in Nigeria increased to 33348.08 USD Million in the fourth quarter of 2020 from 31985.17 USD Million in the third quarter of 2020. source: Central Bank of Nigeria (CBN) 3Y 10Y 25Y Nigeria’s total public debt profile has hit N31trn according to the latest figures released on Wednesday, 9th September 2020 by the Debt Nigeria's Total Public Debt Stock as at December 31, 2020, Nigeria's Public Debt as at September 30, 2020, Nigeria's Public Debt as at June 30, 2020, Nigeria's Public Debt Stock as at March 31, 2020, Nigeria's Total Public Debt Stock as at December 31, 2019, Nigeria's Total Public Debt Stock as at September 30, 2019, Nigeria's Public Debt as at June 30, 2019, Nigeria's Total Public Debt Portfolio as at March 31, 2019, Nigeria's Total Public Debt Stock as at December, 2018, Nigeria's Public Debt Stock as at September 30, 2018, Nigeria's Public Debt Stock as at June 30, 2018, Nigeria's Public Debt Stock as at March 31, 2018, Total Public Debt as at 31st December, 2017, Total Public Debt as at 30th September 2017, Total Public Debt Stock as at 31st March, 2017, Total Public Debt as at 30th September, 2016, Total Public Debt as at 31st December, 2016, DMO Social Gathering to Mark It's 20th Anniversary, Presentation of N162.5557 Billion 2020 Sovereign Sukuk Symbolic Cheque to Federal Ministry of Works and Housing, President Buhari Justifies Borrowing to Fund Infrastructure, Press Release - Facts About Chinese Loans to Nigeria, DMO Annual Report & Statement of Accounts, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Monday May 10, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Friday May 07, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Thursday May 06, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Wednesday May 05, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Tuesday May 04, 2021, Nigeria's Eurobonds and Diaspora Bond Closing Prices and Yields as at Friday April 30, 2021, The DMO received the Management of the Fiscal Responsibility Commission (FRC) led by its Chairman, Barr. Nigeria’s debt service to revenue ratio is at over 60%, which means for every N100 earned, it spends N60 in servicing debt. The FG disclosed that Nigeria's debt profile will rise from N31 trillion it was as in June this year to N38.68 trillion by December 31, 2021. Nigeria’s debt profile hits N31 trillion. “Debt servicing does not equate to debt repayment. Victor Muruako in Abuja on Thursday April 22, 2021, Office of The Accountant General of the Federation, United Nations Institute for training and Research, West African Institute for Financial and Economic Management. Nigeria's Total Public Debt Stock as at December 31, 2020. pdf. “Portfolio holdings fell by 46% in the first quarter of 2020 according to the IMF but Foreign Credit reserves dropped by just $5 billion between end-December and end-April despite only limited naira depreciation. The Senate has raised an alarm that Nigeria’s total debt profile would stand at N33 trillion, if President Muhammadu Buhari got approval for the $22.7 billion foreign loan request. Data are in current U.S. dollars. A breakdown of the report showed that the total debt stock of the states as of 31 March 2020 is N4.1 t … Download (30 KB) pdf. By Adejayan Gbenga Gsong On Nov 3, 2020. By Adedapo Adesanya The Debt Management Office (DMO) has disclosed that Nigeria’s total debt profile as at the end of the first quarter of the year stood at N28.6 trillion. Nigeria’s Total Debt Stock (Foreign & Domestic), as at June 2020 stood at N31.01 trillion ($85.9 billion)- 8.31% increase when compared with N28.63 trillion ($79.3 billion) recorded in March 2020. Nigeria’s total public debt expanded to N31 trillion in the first half of 2020 amidst growing concerns in the economy about attendance cost of servicing the obligation and its sustainability. Okechukwu Nnodim. Nigeria’s total public debt stock includes the debt stock of the Federal Government, the 36 states, and the Federal Capital Territory. Nigeria’s debt profile unsustainable –LCCI DG. Nigeria’s Capacity To Service Debt Very Weak – LCCI . This is made up of borrowing from the federal government, the thirty-six states of the Federation and the federal Capital Territory. Nigeria external debt for 2019 was $54,832,397,402, a 8.68% … This was disclosed in the Nigeria public debt report, recently … This indicated a 4.4 percent quarter-on-quarter increase from N27.4 trillion that was on record in … The National Bureau of Statistics (NBS) has disclosed that Nigeria’s total debt portfolio stands at N28.63trillion as of March 31, 2020.. Nigeria’s debt profile increased by N2.38trn between March and June 2020, the Debt Management Office(DMO) has revealed. Nigeria’s debt profile hits N31 trillion. It said Nigeria’s total public debt stock as of June 30, 2020 stood at N31trn. Nigeria’s debt to hit N38.68tr by Dec 2021 ― FG. Share. Nigeria’s Public Debt Profile Escalates to ₦31trn in June, 2020. The Nigerian states and Federal Debt Stock data as at 31 st December 2018, reflected that the country’s foreign and domestic debts stood at N7.76trillion and N16.63trillion respectively. Nigeria's Public Debt as at June 30, 2019 (7408 downloads) 15 Oct 2019. Nigeria's Total Public Debt Stock as at December 31, 2019. Mrs. Ahmed, who appeared before the Senate Committee on Local and Foreign Debts to defend the ministry’s next year budget, blamed […] 009 trillion ($85.897 billion) as of June 30, 2020, says the Debt Management Office (DMO) on Wednesday. Published 3 July 2020. Nigeria’s growing budget deficit Nigeria's total public debt rises to N32.2 trillion ($84.57 billion) as at September 2020. The figure implies that the nation’s debt profile rose by … Nigeria's Public Debt as at September 30, 2020. pdf. Government Debt to GDP in Nigeria averaged 33.46 percent from 1990 until 2020, reaching an all time high of 75 percent in 1991 and a record low of 7.30 percent in 2008. Nigeria’s debt profile hits N32.22trn in 2020 Q3. Nigeria’s debt to hit N38.68tr in 2021 – minister: NIGERIA’S external and domestic debts have been projected to hit N38.68 trillion by December 2021, Finance, Budget and National Planning Minister Zainab Ahmed, alerted on Tuesday. According statistics just released by the National Bureau of Statistics (NBS), as at Third Quarter (Q3) 2020, Nigeria’s total debt stood at N32.22 trillion. Kindly share this story: The Lagos Chamber of Commerce and Industry boss, Dr Muda Yusuf. President submits 2021-2023 MTEF to National Assembly The NBS’ website report, titled “Nigeria domestic and foreign debt first quarter 2020,” said that in the period under review, the country’ domestic debt hits N18. 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