{{The Nigerian Debt Management Office ( DMO) has disclosed that at end June this year, the nation\u2019s External debt stood at US$6.035Billion and Domestic debt at US$39.456Billion.}}<\/p>\n
It added that of the US$6.035 billion foreign debt commitment, the Federal Government\u2019s portfolio is US$3.820 billion, while the balance of US$2.214 billion was the portion being held by States representing 63.30% and 36.70% respectively with total debt \/ GDP Ration of 18.32% far below the 40% threshold approved for countries in Nigeria category.<\/p>\n
The Director-General of the Agency, Dr. Abraham Nwankwo revealed this October 18, when the Senate Committee on Local and Foreign Debts visited the Agency on an oversight mission.<\/p>\n
Dr. Nwankwo added that the body had concluded the debt reconstruction exercise in all the 36 States of the Federation,including the Federal Capital Territory ( FCT), aimed at ascertaining their debt commitments.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{The Nigerian Debt Management Office ( DMO) has disclosed that at end June this year, the nation\u2019s External debt stood at US$6.035Billion and Domestic debt at US$39.456Billion.}} It added that of the US$6.035 billion foreign debt commitment, the Federal Government\u2019s portfolio is US$3.820 billion, while the balance of US$2.214 billion was the portion being held […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[100],"byline":[334],"hashtag":[],"class_list":["post-3602","post","type-post","status-publish","format-standard","hentry","category-business","tag-africa","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/3602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=3602"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/3602\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=3602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=3602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=3602"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=3602"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=3602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}