Federal Government plans N26tn borrowing, N29tn for debt servicing
According to the new MTEF/FSP, the Federal Government plans to take N26.42tn loans between 2024 and 2026.
The fiscal policy also indicates that debt servicing will gulp N29.92tn in three years.
The data show that the national government plans to borrow N7.81tn in 2024, slightly less than the N8.84tn targeted for the same year in the previous MTEF/FSP.
A breakdown for 2024 shows that the Federal Government plans to get N6.04tn from domestic lenders and N1.77tn from foreign creditors.
By 2025, the Federal Government plans to borrow N8.54tn, which is also less than the N10.62tn targeted for the same year in the previous MTEF/FSP.
A breakdown for 2025 showed that the Federal Government plans to get N6.42tn from domestic lenders and N2.12tn from foreign creditors.
The Federal Government plans to borrow N10.07tn by 2026, which consists of N8.94tn domestic loans and N1.13tn external debt.
Based on our analysis, the Federal Government is reducing its appetite for foreign loans to focus more on borrowing from domestic lenders.
The country had borrowed about N5.05tn between January and June from its N9.62tn borrowing plan for 2023, which means that the Federal Government will likely still borrow at least N4.57tn more this year.
The Debt Management Office recently said Nigeria’s total public debt hit N87.38tn at the end of the second quarter.
The figure represents an increase of 75.29 per cent or N37.53tn compared to N49.85tn recorded at the end of March 2023.
The increase was primarily due to the N22.7tn Ways and Means Advances of the Central Bank of Nigeria to the Federal Government and the naira devaluation that added about N13.38tn to the external debt figure.
With an N87.38tn debt as of June 2023, the likelihood of N4.57tn new debt before the end of this year, and a plan to borrow N26.42tn in three years, Nigeria’s total public debt is expected to hit and even exceed (due to subnational borrowing) N118.37tn by the end of 2026.
Despite the rising debt, the Federal Government has insisted that it will stick to its borrowing plan.
피망 슬롯
Lao Li는 그의 옆에서 입술을 핥았습니다. “왕 씨, 우리는…부자가 될지도 모릅니다.”
아시아 슬롯
그러나 Wei Dayou가 세 글자를 막 말했을 때 Yu Daochun은 다시 놀랐습니다.
슬롯 보증 사이트
“노예 하인…노예 하인…”샤오 징은 얼굴을 굳게 보았다.
해피 머니 토토
Zhu Houzhao는 약간 이상한 표정을 지었습니다. “Old Fang이 그렇게 말했습니다.”
돌리고 슬롯
Hongzhi 황제는 눈물을 흘리는 Ouyang Zhi와 Liu Wenshan을 바라 보았습니다.
카지노 슬롯 머신
사제는 고개를 끄덕이고 성서를 들고 동의했습니다.
티티 사이트
Xu Pengju는 당황하며 말했다: “나는…난…아니…난…”
프라그마틱 무료 게임
사실 … 황하의 물은 너무 맑아서 소위 비밀에 대한 통찰력이 아닙니다.
프라그마틱 슬롯
사람들은 새로움과 미소가 넘치지만 그에게 남은 것은 외로움…
리액툰즈
한낮의 추위도 아닌 겨우 3피트의 영하일 뿐인데 마음속으로 의심하는 사람들이 더 많아졌습니다.
슬롯 커뮤
왕안의 이름은 아니지만… 오우양 즈…
이브 벳
Ma Wensheng은 정직하고 경외감을 불러 일으켰습니다. “Ma Wensheng, 당신은 전쟁 부 장관입니다.”
무료 메가 슬롯 머신
장황후는 살짝 미소를 지으며 말했다.
바나나 타운
Fang Jifan은 마음 속으로 한숨을 쉬었습니다. “당신은 …이 젊은 주인을 좋아합니까?”
스핀 슬롯
Hongzhi 황제는 “좋아요, 이 손은 … 괜찮습니까? “라고 말했습니다.
오래된 토토 사이트
이제 거의 10배에 가까운 출력이 정말 미쳤습니다.