“So, as we look at Nigeria’s debt profile, I urge us to also look at the assets and investment profiles, some of which was paid for by debt and some by investment income.”
The International Monetary Fund (IMF) has urged President-elect Bola Tinubu to take steps to increase the country’s revenue base.
DMO said in terms of composition, total domestic debt stock stood at N27.55 trillion (61.42 billion dollars), while total external debt stock was N18.70 trillion (41.69 billion dollars).
The bonds are offered at N1,000 per unit, subject to a minimum subscription of N5,000 and a maximum subscription of N50 million.
She said the portal had been tested with distribution agents for the FGN savings bond, adding that the presentation was to expose it to a wider group of stakeholders.
Mr Tinubu, at various campaign rallies, had also promised to build on the achievements of the Burahi regime.
The Debt Management Office (DMO) has offered four federal government bonds valued at N360 billion for a subscription via auction at N1,000 per unit.
The first is a two-year savings bond due in January 11, 2025, and the other is a three-year bond due in January 11, 2026.
The lawmakers decried frequent borrowings by the regime of president Muhammadu Buhari.
“The chamber has consistently advised the government to borrow from cheaper sources and consider deficit financing from equity instead of the expensive debts borrowed,” said LCCI.
