LAGOS, Delta and Ogun are the three States with the highest domestic debt figures in Nigeria as of June 30, 2022, DAILY POST has learnt. According to the Debt Management Office (DMO), many States have borrowed more between the first and second quarters of the year 2022. In March, the …
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The Debt Management Office (DMO) has stated that N10 per litre tax on non-alcoholic and carbonated drinks will improve revenue generation. This was made known on Sunday by Patience Oniha, director-general of the DMO in an interview with the Newsextra24 in Abuja. According to Oniha, revenue generation was a major …
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Nigeria spent $598.59m on servicing the debts owed to the World Bank and the Exim Bank of China in 2021, according to an analysis of data on actual external debt service payments from the Debt Management Office. The country paid the World Bank a total of $390.92m, which included $384.28m …
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The Debt Management Office has said that Nigeria can lower its debt service-to-revenue ratio if it generates higher revenue like Ghana, Kenya, and Angola. According to the DMO, while Nigeria has a revenue-to-Gross Domestic Product ratio of nine per cent, Ghana, Kenya and Angola have a revenue-to-GDP ratio of 12.5 …
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