By Emma Ujah, Abuja Bureau Chief
The Debt Management Office (DMO) has raised N410 billion from the domestic capital market to fund the 2018 budget.

DMO has raised N410 billion from the domestic capital market to fund the 2018 budget.
Abraham Nwankwo DG, Debt Management Office

The Director -General of the DMO, Ms, Patience Oniha, disclosed this at a press briefing in Abuja , this morning.

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 per cent from about 18 per cent last year.
Details later…

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