The Debt Management Office, DMO, has assured that the Federal Government has made sufficient budgetary allocations to meet both foreign and domestic debt servicing obligations as they come due.
In the proposed 2025 federal budget, currently under review by the National Assembly, the administration of President Bola Tinubu has earmarked ₦16.3 trillion for debt servicing. This accounts for a significant portion of the overall ₦49.7 trillion expenditure plan.
The DMO emphasised that Nigeria’s debt management strategy aligns with applicable laws, regulations, and global best practices. It highlighted the nation’s consistent track record in servicing its external and domestic debts, a factor that continues to bolster investor confidence.
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The agency also celebrated the recent issuance of $2.2 billion in Eurobonds on the international capital market. The bonds attracted subscriptions exceeding $9 billion. This, according to the agency, underscores robust investor trust in Nigeria’s financial instruments and economic stability.
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