{"id":12615,"date":"2019-07-10T16:32:57","date_gmt":"2019-07-10T16:32:57","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=12615"},"modified":"2019-07-10T16:32:57","modified_gmt":"2019-07-10T16:32:57","slug":"fg-states-in-n25trillion-debt-dmo-releases-data","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/fg-states-in-n25trillion-debt-dmo-releases-data","title":{"rendered":"FG, States in N25trillion debt \u2013 DMO releases data"},"content":{"rendered":"

The Debt Management Office, DMO, has published the Public Debt Data comprising the domestic and external debts of the Federal Government of Nigeria (FGN), the 36 States of the Federation and the Federal Capital Territory (FCT) as at March 31, 2019.<\/p>\n

The figures were released in a statement on its website on Wednesday.<\/p>\n

\u201cAt \u20a624.947 Trillion (US$ 81.274 Billion) as at March 31, 2019, the Total Public Debt grew marginally by 2.30% when compared to the figure of \u20a624.387 Trillion (US$ 79.437 Billion) as at December 31, 2018.<\/p>\n

\u201cThe increase of \u20a6560.009 Billion in the Total Public Debt in Q1 2019, was accounted for largely by Domestic Debt which grew by \u20a6458.363 Billion.<\/p>\n

\u201cIncreases were recorded in the Domestic Debt Stock of the FGN, States and the FCT. External Debt also increased by \u20a6101.646 Billion during the same period.<\/p>\n

\u201cIn relation to the Debt Management Strategy, the Ratio of Domestic to External Debt stood at 68.49% to 31.51% at the end of March 2019.<\/p>\n

\u201cThe Total Public Debt to GDP Ratio was 19.03% which is within the 25% Debt Limit imposed by the Government,\u201d the statement read.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Debt Management Office, DMO, has published the Public Debt Data comprising the domestic and external debts of the Federal Government of Nigeria (FGN), the 36 States of the Federation and the Federal Capital Territory (FCT) as at March 31, 2019. The figures were released in a statement on its website on Wednesday. \u201cAt \u20a624.947 […]<\/p>\n","protected":false},"author":62,"featured_media":10970,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[531,342,204,177,465],"class_list":["post-12615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-debt","tag-gdp","tag-government","tag-politics","tag-us-dollar"],"yoast_head":"\nFG, States in N25trillion debt \u2013 DMO releases data - Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/fg-states-in-n25trillion-debt-dmo-releases-data\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG, States in N25trillion debt \u2013 DMO releases data\" \/>\n<meta property=\"og:description\" content=\"The Debt Management Office, DMO, has published the Public Debt Data comprising the domestic and external debts of the Federal Government of Nigeria (FGN), the 36 States of the Federation and the Federal Capital Territory (FCT) as at March 31, 2019. 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