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Economists: Nigeria’s 2023 outlook bleak, without policy changes

Economists: Nigeria’s 2023 outlook bleak, without policy changes

In this report, PAUL OGBUOKIRI x-rays the damning verdict of the Bretton Wood Institutions and Economists on the poor state of Nigeria’s economy. He concluded that the incoming administration has a Herculean task of revamping…

DMO: N22.72trn ways& means debt shoots up total stock to projected N77trn

DMO: N22.72trn ways& means debt shoots up total stock to projected N77trn

The N22.72 trillion lent to the Federal Government by the Central Bank of Nigeria (CBN) forms the bulk of debt stock that shoots up total debt stock to N77 trillion by May this year, Director…

FG raises N3.3trn via DMO from domestic market to finance ‘22 budget deficit

FG raises N3.3trn via DMO from domestic market to finance ‘22 budget deficit

The Federal Government through the Debt Management Office (DMO) raised N3.3 trillion from the domestic market to finance the 2022 budget deficit. To fund part of the 2022 budget deficit DMO was given a target…

DMO to FG: Reduce expenditure to stop borrowing

DMO to FG: Reduce expenditure to stop borrowing

The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, has said the only way to ease the nation’s debt burden and cut down on borrowing is to devise means of increasing revenue and…

CBN’s Emefiele canvasses private sector partnership for infrastructure development

CBN’s Emefiele canvasses private sector partnership for infrastructure development

While the strides made by the Central Bank of Nigeria in addressing those constraints that continue to limit growth and development have received commendations, these are just a drop in the ocean, as the US$100…

Tackling dwindling revenue amid surging debt stock

Tackling dwindling revenue amid surging debt stock

The Debt Management Office (DMO) put the country’s current debt stock at about N33 trillion. A sizable portion of the borrowings is ploughed into fixing infrastructure. The challenge of low revenue to GDP is Nigeria’s…