DMO raises ₦410 billion to fund the 2018 budget
The Debt Management Office (DMO) has raised ₦410 billion from the domestic capital market to fund the 2018 budget.
The Director -General of the DMO, Ms, Patience Oniha, disclosed this at a press briefing in Abuja , this morning.
She also revealed that the nation’s public debt stood at ₦22.37 trillion as at end of June ($73. 31 billion) of which $22 billion was external.
The DMO boss said however that the debt was still sustainable and that her team’s Debt management Strategy has crashed interest rate to a region of 11- 14 per cent from about 18 per cent last year.
… More Soon …
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