A recent analysis by the Debt Management Office revealed that Nigeria’s total public debt rose by N57.3 trillion within the first 18 months of Mr Tinubu’s regime.
Amid the huge debt burden on Nigeria, President Bola Tinubu has claimed that his administration’s bold policies have significantly improved the country’s debt position
DMO says the federal government has made adequate budgetary provisions to meet the country’s foreign and local debt obligations.
The federal government, through the Debt Management Office, has offered two FGN bonds valued at N120 billion for subscription through auction.
The governor urged citizens to engage in “positive dialogue” rather than resorting to demonstrations.
The Debt Management Office (DMO) has called on President Bola Tinubu to prioritise “fiscal retrenchment” amid the county’s economic crises.
DMO director-general Patience Oniha said this in an interview on Tuesday in Abuja.
The DMO disclosed that the increase is as a result of naira devaluation.
“These are debts we met and which we must begin to pay if the state is to move forward,” Mr Otu said.
“Predictably, 12 months on, Tinubu’s pledge of growing the economy and ending misery remains unfulfilled,” said the former vice-president
