Nigeria’s Cost Of Debt Servicing Increased By 37.04% In Last Six Months - Report | Naija News
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Nigeria’s Cost Of Debt Servicing Increased By 37.04% In Last Six Months – Report

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The cost of servicing Nigeria’s debt increased to N941.99 billion at the end of June 2018.

The half year activity report released on Wednesday by the CBN revealed that total domestic debt outstanding at the end of June, 2018 stood at N12.2 trillion, representing an increase of N290.67 billion or 2.45 per cent, over N11.9 trillion in the corresponding period of 2017.

The debt stock during the review period comprised FGN Bonds worth N8.9 trillion or 73.47 per cent, Nigerian Treasury Bills (NTBs) worth N2.9 trillion or 24.31 per cent and FRN Treasury Bonds of N150.99 billion or 1.24 per cent.

Others included FGN Sukuk worth N100.00 billion or 0.8 per cent, FGN Green Bond N10.69 billion or 0.09 per cent and FGN Saving Bonds of N8.52 billion or 0.07 per cent.

The Debt Management Office (DMO)  also released its new strategic plan  and the expiration of the 3rd Strategic Plan (2013 – 2017).

 

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