The Debt Management Office (DMO) has raised N410 billion from the domestic capital market to fund the 2018 budget.
The Director-General of the DMO, Ms, Patience Oniha, disclosed this at a press briefing in Abuja on Tuesday.
She also revealed that the nation’s public debt stood at N22.37 trillion as at end of June ($73. 31b) of which $22 billion was external.
The DMO boss said, however, that the debt was still sustainable and that her team’s Debt management Strategy has crashed interest rate to a region of 11- 14 percent from about 18 percent last year.
Details of the briefing will be communicated later…
Amaka E. Nliam