The Debt Management Office, DMO, said yesterday that the nation’s total debt profile currently stood at $57.39 billion. Director-General of DMO, Dr. Abraham Nwankwo, who disclosed this when he appeared before the Senator Shehu Sani’s Committee on Foreign and Local Debts to defend his agency’s budget proposal, said the total debt stock comprised external and domestic debts of the federal government, those of the 36 states of the federation and the Federal Capital Territory, FCT, as at December 31, 2016. This came on a day the Presidency slashed its 2017 budget by N3 billion, in view of the present economic recession in the country. Nwankwo explained th

Read more at: http://www.vanguardngr.com/2017/02/nigerias-debt-profile-now-57-39bn-dmo-dg/

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