FG’s Domestic Debt Service Gulped N4.38tn in 2023, Says DMO FGN Bond accounted for 83.1% of domestic debt obligations Lagos, Delta, Ogun, Rivers are most indebted states
Ndubuisi Francis in Abuja
A total of N4.381 trillion (N4, 381,207,357,790.30) went into the servicing of Federal Government of Nigeria’s domestic debt obligations
between January and December 2023, the Debt Management Office (DMO) disclosed at the weekend. FGN's domestic debt profile stood at N53.258 trillion as at December 31, 2023.
A month-by-month analysis showed that the sum of N244.56 billion was expended on debt service in January 2023, N146.4 billion in February, N483.14 billion in March, and N448.952 billion in April.
For the month of May, debt service gulped N48, 359 billion, June was N68.572 billion, 833, while July and August were N268.1 billion and N175.526 billion, respectively. A total of N496, 959 billion,
N463.54 billion, 1.196 trillion (the highest for the year) and N340.378 billion were committed to debt service for the months of September, October, November and December, respectively.
Debt instruments accounting for the N4.38 trillion debt service during the reference period were the Nigerian Treasury Bills (NTBs) N326.122 Continued on page 5
Inflation, FX, Others Top Agenda as MPC Reconvenes Today, Analysts Predict Hold on Policy Instruments...
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Monday, March 25, 2024 Vol 29. No 10575. Price: N400
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At Palm Sunday, Mutfwang Preaches Tolerance among Nigerians for Development...
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In view of Nation's Current Mood, President Calls off 72nd Birthday Activities on Friday To use day to re-dedicate himself to building more stable, secure, prosperous, united Nigeria
Deji Elumoye in Abuja
President Bola Tinubu, yesterday, issued an advisory to his friends and well-wishers ahead of his
72nd birthday on Friday, saying the recurring incidents of insecurity across the country do not warrant any celebration on that day. In a release, titled, "President
Tinubu's 72nd Birthday on March 29, 2024," by Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, the president said the current sad
developments in the country would not allow for any form of celebration for his birthday. According to him, because of the present mood of the nation
and recent killing of the officers Nigeria, there should be no form and men of our Army and Police of birthday event. in Delta State, and recent spate Tinubu advised his well-wishers of security breaches by criminal Continued on page 5 elements in different parts of
Tinubu: FG, States Collaboration Facilitated Release of Abducted Schoolchildren Says schools must be safe, secure for learning Kaduna governor salutes NSA, military, Nigerians Declares 168 pupils kidnapped, 168 released Excited parents say news relieving DHQ: Joint security operation freed the kids Abbas, Atiku, Obi, others hail development
Deji Elumoye, Chuks Okocha, Kingsley Nwezeh, Adedayo Akinwale in Abuja and John Shiklam in Kaduna President Bola Ahmed Tinubu, yesterday, welcomed news of the release of Kuriga schoolchildren in Kaduna State, saying collaboration between the federal and state governments made it possible. Tinubu emphasised the importance of such collaboration for expected outcomes, especially on matters of security. The president, in a release by his media adviser, Ajuri Ngelale, commended the National Security Adviser (NSA), Malam Nuhu Ribadu, the security agencies, and Kaduna State Government for the dispatch and diligence with which Continued on page 5
148TH ASSEMBLY OF INTER-PARLIAMENTARY UNION (IPU) IN GENEVA...
L- R: Senator Natasha Akpoti Uduaghan; President of the Senate, Godswill Akpabio and Deputy Speaker, House of Representatives, Benjamin Kalu, at the ongoing 148th Assembly of the Inter-Parliamentary Union (IPU) in Geneva, Switzerland....yesterday