Nigeria’s external debt declined marginally by 2.02 percent to $21.6 billion in the third quarter of 2018, Q3’18, from $22.1 billion recorded in the second quarter 2018, Q2’18, almost cancelling out the 1.2 percent rise in domestic debt recorded during the quarter, Q3’18.

Consequently, the nation’s total debt stock which stood at $73.2 billion, or N22.4 trillion, recorded almost no change as at end September.

The decrease in the external component was ascribed to the redemption of a $500 million Eurobond which matured on July 12, 2018.

The Debt Management Office (DMO) disclosed this recently in a statement released on its website.

The DMO stated that the domestic debt of the federal government, states and the Federal Capital Territory (FCT) grew by 1.2 percent or N185 billion to N15.8 trillion in September 2018 from N15.6 trillion in June 2018.

The increase, it noted, was due to the FGN N135 billion, and states and FCT N50 billion.

For More, visit

https://www.vanguardngr.com/2019/01/nigerias-foreign-debt-declines-by-2/

My first ever FTC and its on a front page on the 2nd day of 2019. This year will favour all of us.
This 2019, Nairalanders, WE GO BUY BENZ, WE GO BUILD HOUSE AND WE GO TRAVEL LEAVE NIGERIA MAKE Atiku AND BULLHARI DEY FIGHT.

NO MORE NONSENSE THIS YEAR

Like to leave Nigeria, Share to Still leave Nigeria

Pix

Who is deceiving who

From now till February, only SCAM alert we go dey get but I have made up my mind to change the CHANGE

Government of debt!


Professional looters & career rogues.

oh lord, deliver our nation, give us peace and freedom.

Good news, bad news for children of the hate, what they want to hear is that boko haram has taken over borno state, God pass una, what we are praying for is greater Nigeria.

post=74369451:
We believe in you President MUHAMMADU BUHARI.

Keep taking us on the right track to the NEXT LEVEL.

Gradually we will get to our land flowing with milk and honey.

God bless our President.

God bless Nigeria.

Number 1 fanatic and Buhari sycophant.

misleading report.

Total debt stock reduced 0%

no be new thing, we no dey click any link

Any vote for Mohomodu Buhari is a vote for hunger and suicide!

Any vote asides Alh Muhammad Buhari is just a waste of vote please and please maso bo nu

teelaw4life:

Number 1 fanatic and Buhari sycophant.

Eh ya!
Sorry for your pain!
Get well soon ooo

SAI BABA

Good , this time 2015 our foreign reserve was been badly depleted, while foreign and local debt was increasing astronomical, even $2bn bokoharam arms deal wasn't spared Just for an election they still lost. Fast forward to 2019, foreign reserves almost double of what it was in 2015, debt slowly declining, fuel scarcity less Yuletide season, almost 18hrs daily electricity, international airports wearing a new look

Good news, bad news for children of the hate, what they want to hear is that boko haram has taken over borno state, God pass una, what we are praying for is greater Nigeria.[center][/center]

.

Only a corrupt person will hate Buhari..

According to the article, Domestic debt rose by 1.2%. This means rather than external borrowing, they resorted to borrowing from the system.

Make what you will of that as the article concludes that there was almost no change in the debt stock at the end of September.

Ogaga87:
Who is deceiving who

From now till February, only SCAM alert we go dey get but I have made up my mind to change the CHANGE

Enemy of progress

PDP and Obichina must read this.

Thank God for the heat and pressure Nigerians mounted on this government, they were on a mission of selling off this country to the highest bidder.

Another 4yrs under these locusts and Nigeria will be completely destroyed.

Good day
My name is dammy a student of Unilorin
Av been stuck in school since Xmas
My parents are no more, we start our test on the 7th
I have zero resources at my disposal to help me during the test I wouldn't be here if i had any other Option I really need your help. I am not lying If you want proof of my predicament I can show you proof. 0072808222 Diamond Bank Olaosebikan Ayodamola Segun.
Am in a such a tight corner right now anything would be highly appreciated

Declines by 2% .....

How much has Buhari borrowed in his 3.5 years of misgovernment??

wow,Nigeria is moving in the right direction. I was doubting the "next level" movement, but with the transformation in railway, airway(airports), roads, and some improvement in economy, I will subscribe if,the next level is centered on more infrastructure, education, health, ICT, tourism, & electricity.

Good news everywhere

Wawa dan wahalas will still find a reason to wail

Buhari Continue taking Nigeria to great level.
children of hate will not believe this but if it were opposite they will swear to their God to come to their rescue Atikulooters

Good one.

.......as wailers frustration increases 20000%

External reserves increases while External debt decreases

Is there anyone still supporting PDP?