Business Nigeria: Do Not Borrow Above $22.08bn in 2017 – DMO Tells Buhari

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ProfRem

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The Debt Management Office (DMO) has advised the President Muhammadu Buhari-led Federal Government not to borrow above 22.08 billion dollars in 2017.

DMO gave the recommendation in its 2016 Debt Sustainability Analysis (DSA) report, obtained by the News Agency of Nigeria.

DMO.jpe

In the report, DMO stated that the end-period on Net Present Value (NPV) of the Total Public Debt-to-GDP ratio for 2016 for the Federal Government was projected at 13.5 per cent.

“The maximum amount that can be borrowed (domestic and external) by the Federal Government of Nigeria in 2017, without violating the country-specific threshold, will be 22.08 billion dollars (i.e. 5.89 per cent of 374.95 billion dollars).”
 
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