The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars).
According to a statement obtained from the DMO official website on Sunday, the total debt stock comprises the external and domestic debts of the federal government, the 36 states and the Federal Capital Territory (FCT).
The country’s total debt for the preceding period 0f Dec. 21, 2022 was N46.25 trillion (103 billion dollars), indicating an increase of about three trillion naira.
The total debt stock, however, excludes the federal government’s N22.719 trillion Ways and Means Advances of the Central Bank of Nigeria (CBN), whose securitisation was approved by the National Assembly in May.
According to the DMO, the Ways and Means will be included in the debt stock of the federal government from June.
Meanwhile, the DMO recently released the Market Access Country-Debt Sustainability Analysis (MAC-DSA) to promote transparency.
The MAC-DSA is a…
