Nigeria
will raise as much as N1.64 trillion (nearly $5 billion) from the domestic and
external debt markets this year, the country’s Debt Management Office said
Tuesday from Abuja, the nation’s capital.
will raise as much as N1.64 trillion (nearly $5 billion) from the domestic and
external debt markets this year, the country’s Debt Management Office said
Tuesday from Abuja, the nation’s capital.
The
West African nation will raise a total of N850 billion ($2.34 billion) from
external debt market, and will raise an additional N793 billion from the
domestic market, Director General of the debt management agency, Patience Oniha
said during a press briefing for the release of public debt data as at June 30,
2018.
West African nation will raise a total of N850 billion ($2.34 billion) from
external debt market, and will raise an additional N793 billion from the
domestic market, Director General of the debt management agency, Patience Oniha
said during a press briefing for the release of public debt data as at June 30,
2018.
Figures
released shows that Nigeria’s public debt profile, which comprises of the
federal and 36 state government as much as FCT stood at N22.39 trillion ($78.21
billion) as at June 2018, a 3.01% marginal increase over the December 2017’s
N21.67 trillion ($70.84 billion).
released shows that Nigeria’s public debt profile, which comprises of the
federal and 36 state government as much as FCT stood at N22.39 trillion ($78.21
billion) as at June 2018, a 3.01% marginal increase over the December 2017’s
N21.67 trillion ($70.84 billion).
The
increase in the public debt stock of the six months period was due largely to
the $2.5 billion issued in February 2018, data shows.
increase in the public debt stock of the six months period was due largely to
the $2.5 billion issued in February 2018, data shows.
When
compared to debt data for March 2018, the public debt stock decreased by 1.44%
from N22.70 trillion in March to N22.38 trillion in June this year. The
decrease was due to a 3.38% decline in the federal government’s domestic stock
between months under review. There were however marginal increases of 0.07% in
the external debt sock and 2.75% in the domestic debt of states, figures show.
compared to debt data for March 2018, the public debt stock decreased by 1.44%
from N22.70 trillion in March to N22.38 trillion in June this year. The
decrease was due to a 3.38% decline in the federal government’s domestic stock
between months under review. There were however marginal increases of 0.07% in
the external debt sock and 2.75% in the domestic debt of states, figures show.
The oil
dependent economy’s domestic debt declined by 0.09% in this year, from N12.58
trillion in December 2017 to N12.57 trillion in March 2018. It further declined
3.8% in June, from N12.57 trillion in March 2018 to N12.151 trillion in June of
the same year, as the DMO redeemed more treasury bills than it issued.
dependent economy’s domestic debt declined by 0.09% in this year, from N12.58
trillion in December 2017 to N12.57 trillion in March 2018. It further declined
3.8% in June, from N12.57 trillion in March 2018 to N12.151 trillion in June of
the same year, as the DMO redeemed more treasury bills than it issued.
A total
of N198 billion Nigerian treasury bills were redeemed in December 2017, and
another N639 billion was redeemed in June 2018, the DMO said.
of N198 billion Nigerian treasury bills were redeemed in December 2017, and
another N639 billion was redeemed in June 2018, the DMO said.
