{"id":61451,"date":"2022-03-18T16:16:13","date_gmt":"2022-03-18T15:16:13","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges"},"modified":"2022-03-18T17:14:26","modified_gmt":"2022-03-18T16:14:26","slug":"nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges","title":{"rendered":"Nigeria\u2019s debt set to hit N45trn as plan to borrow additional N6.39trn emerges"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow an additional N6.39 trillion to finance the 2022 budget deficit.<\/p>\n

This is according to a DMO document obtained by NAN on Friday in Abuja.<\/p>\n

In the document, Patience Oniha, Director-General of the DMO, explained that the overall deficit in the 2022 budget was N6.30trillion, representing 3.46 percent of the country\u2019s Gross Domestic Product (GDP).<\/p>\n

It can be recalled that the DMO had earlier revealed that the country\u2019s total debt stock as of December 2021 was N39.55 trillion.<\/p>\n

Oniha said that the budget deficit was to be financed mainly by borrowings from both domestic and foreign sources, as well as privatisation proceeds.<\/p>\n

\u201cN2.57 trillion will come from domestic sources, N2.57 trillion from foreign sources, N1.16trillion from multilateral and bilateral loan drawdowns and N90.7billion from privatisation proceeds,\u2019\u2019 she said.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow an additional N6.39 trillion to finance the 2022 budget deficit. This is according to a DMO document obtained by NAN on Friday in Abuja. In the document, Patience Oniha, Director-General of […]<\/p>\n","protected":false},"author":84,"featured_media":61450,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,2321,254],"class_list":["post-61451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-dmo","tag-nigeria"],"yoast_head":"\nNigeria\u2019s debt set to hit N45trn as plan to borrow additional N6.39trn emerges - Nigeria<\/title>\n<meta name=\"description\" content=\"The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow an a ...\" \/>\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\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s debt set to hit N45trn as plan to borrow additional N6.39trn emerges\" \/>\n<meta property=\"og:description\" content=\"The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow an a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-18T15:16:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-18T16:14:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/03\/img-6234afb7606e3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"919\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria\u2019s debt set to hit N45trn as plan to borrow additional N6.39trn emerges\",\"datePublished\":\"2022-03-18T15:16:13+00:00\",\"dateModified\":\"2022-03-18T16:14:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges\"},\"wordCount\":177,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/03\/img-6234afb7606e3.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"DMO\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-debt-set-to-hit-n45trn-as-plan-to-borrow-additional-n6-39trn-emerges\",\"name\":\"Nigeria\u2019s debt set to hit N45trn as plan to borrow additional N6.39trn emerges - 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