• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, June 5, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

DMO, IMF differ over Nigeria’s debt sustainability

Debt

The Matters Press by The Matters Press
February 13, 2022
Reading Time: 1 min read
0
22 African nations in debt crisis

The Debt Management Office (DMO) has faulted the projection of the International Monetary Fund (IMF) that Nigeria might spend over 92 per cent of its revenue on debt servicing in 2022.

RELATED POSTS

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

IMPI urges media to consider national interest in reporting security challenges

The IMF, which made the projection in its 2021 Article, also estimated 2021 debt servicing-to-revenue ratio at 85.5 per cent.

It, however, estimated the debt-servicing-to-consolidated revenue (total revenues of the government and its agencies) for 2021 and 2022 at 29 per cent and 32.8 per cent, respectively.

The DMO, in a statement by its Director-General, Mrs Patience Oniha, faulted the IMF report and a similar one by foremost Pan-African Credit Rating Agency, Agusto & Co.

She said that both reports failed to consider the challenges experienced by Nigeria in recent times.

“There were challenges such as two recessions, sharp drop in revenues and security challenges.

“Even more, the analyses do not acknowledge the improvements in infrastructure which have been achieved through borrowing, as well as, the strong measures by the Government to grow revenues,” she said.

She reiterated the fact that the Federal Government was already implementing policies towards increasing revenues and developing infrastructure through Public Private Partnership arrangements, both of which will improve debt sustainability.

She noted that the Federal Government had active and regular engagements with the IMF on borrowing and debt management.

The stakeholders and experts in the finance and economic sector have been expressing worry about Nigeria’s rising debt stock in recent times.

The DMO had, however, explained that the country’s total debt of 92.9 billion dollars, and a debt to Gross Domestic Product (GDP) ratio of 35.51 per cent were within sustainable limits.

Tags: Debt
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Next Post
FCT-IRS extends filing of annual returns

FCT-IRS extends filing of annual returns

Intimidation, cyber-bullying by loan sharks

Intimidation, cyber-bullying by loan sharks

Recommended Stories

Commission plans to liberate 38% illiterate Nigerians

World population growth slowing, expected to reach 8bn

July 11, 2022
ICIEC signs $25m contract for dredging project in UAE

ICIEC signs $25m contract for dredging project in UAE

May 13, 2023
$27.3bn lost to salinity-induced soil degradation annually–SSSN

FG trains Ebonyi rice farmers on organic fertilizer production

October 5, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us