By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Nigeria’s Public Debt Increased By N2.5trn in Three Months – DMO
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Nigeria’s Public Debt Increased By N2.5trn in Three Months – DMO

News

Nigeria’s Public Debt Increased By N2.5trn in Three Months – DMO

Daily Report Nigeria
Daily Report Nigeria
Published: June 15, 2025
Last updated: June 15, 2025
2 Min Read
Share
Nigeria’s Public Debt Increased By N2.5trn in Three Months - DMO | Daily Report Nigeria
SHARE
The Debt Management Office (DMO) has disclosed Nigeria’s public debt increased by N2.5trn in Three Months.

In a statement on Tuesday, DMO said the country’s total public debt hit N38.005 trillion at the end of the third quarter (Q3) of 2021.

It attributed the increase to the $4 billion eurobonds issued by the federal government in September.

The statement reads: “In line with its practice, the Debt Management Office has published Nigeria’s Total Public Debt as at September 30, 2021. The Data, which includes the Total External and Domestic Debts of the Federal Government of Nigeria, thirty-six State Governments, and the Federal Capital Territory, shows that Nigeria’s Public Debt was N38.005tn or $92.626bn at the end of Q3 2021,” 

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

“The increase of N2.540tn when compared to the corresponding figure of N35.465 trillion at the end of Q2 2021 was largely accounted for by the $4bn Eurobonds issued by the Government in September 2021.”

Also Read: Nigeria Must Decisively Tackle Its Debt Challenges; Akinwumi Adesina

“The issuance of the USD4 billion Eurobonds has brought significant benefits to the economy by increasing the level of Nigeria’s External Reserves, thereby supporting the Naira Exchange Rate and providing the necessary capital to enable the Federal Government finance various projects in the Budget.

“The triple tranche $4bn Eurobond, issued in September 2021, was for the implementation of the New External Borrowing of $6.18bn in the 2021 Appropriation Act.”

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Daily Report NgTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

FG’s ₦712bn Airport Renovation Plan Provokes Outrage from ADC | Daily Report Nigeria
FG’s ₦712bn Airport Renovation Plan Provokes Outrage from ADC
News
Galatasaray Set to Rake in €21.5M from Victor Osimhen Fan Box | Daily Report Nigeria
Galatasaray Set to Rake in €21.5M from Victor Osimhen Fan Box
Sports
Troops Destroy Bandit Camps, Recover Arms in Major OPWS Operations Across Benue | Daily Report Nigeria
Troops Destroy Bandit Camps, Recover Arms in Major OPWS Operations Across Benue
Metro
Eight Girls Drown as Canoe Capsizes in Jigawa | Daily Report Nigeria
Eight Girls Drown as Canoe Capsizes in Jigawa
Metro
NSCDC Arrests Two, Recovers Stolen Railway Tracks in Bauchi | Daily Report Nigeria
NSCDC Arrests Two, Recovers Stolen Railway Tracks in Bauchi
Metro

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Amusan Ranked Fifth Best Female Athlete For 2022 | Daily Report Nigeria
Sports

Amusan Ranked Fifth Best Female Athlete For 2022

June 15, 2025
Omicron: FG To Issue New Protocol For International Travel on Tuesday | Daily Report Nigeria
News

Omicron: FG To Issue New Protocol For International Travel on Tuesday

June 13, 2025
How Jonathan Made Me Cut Communication With Tinubu, Others – Asari Dokubo | Daily Report Nigeria
Politics

How Jonathan Made Me Cut Communication With Tinubu, Others – Asari Dokubo

June 14, 2025
FG Announces Date to Commence Conditional Cash Transfer to 15m Households
News

FG Announces Date to Commence Conditional Cash Transfer to 15m Households

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?