Nigeria’s Debt Management Office Makes Progress in Settling The 2021 Budget Deficit

Jun 28, 2021 · 18m 33s
Nigeria’s Debt Management Office Makes Progress in Settling The 2021 Budget Deficit
Description

In its quest to meet the onerous target of raising N2.34 trillion towards the projected deficit of N5.6 trillion contained in Nigeria’s federal government’s 2021 budget, the Debt Management Office...

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In its quest to meet the onerous target of raising N2.34 trillion towards the projected deficit of N5.6 trillion contained in Nigeria’s federal government’s 2021 budget, the Debt Management Office has been taking bold steps to deliver on the plan. The debt office has now raised N1.42 trillion at its bond auctions, including non-competitive sales to public agencies in just over a six months period.
However, when the smaller amounts it generates from the sale of other debt instruments, such as Sukuk and green bonds, are added to the amount realized, it is clearly on track to meet the target for the year, say analysts who have been tracking the DMO’s activities this year.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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