Nigeria has successfully priced $2.2 billion in Eurobonds maturing in 2031 and 2034 in the international capital markets.
SEC says it controls and regulates cryptocurrencies and other digital assets but admits it is impossible to “cage” it, describing it as “air.”
DMO director-general Patience Oniha said this in an interview on Tuesday in Abuja.
She commended some of the recent policies of the present administration as capable of enhancing debt sustainability.
Nigeria’s debt profile rose to over N44 trillion under Mr Buhari’s watch in September.
The lawmakers decried frequent borrowings by the regime of president Muhammadu Buhari.
The debt servicing bill increased by 109 per cent between December 2021 and March 2022, rising from N429 billion to N896 billion.
According to the DMO, the bonds are subject to a minimum subscription of N50 million and in multiples of N1,000 thereafter.
The DMO said the federal government was trying to identify and plug existing revenue leakages to enhance tax compliance and reduce evasion.
President Muhammadu Buhari has approved renewal of the appointment of Patience Oniha as the Director-General of the Debt Management Office (DMO) for a second term of 5 years
