The Debt Management Office (DMO) has explained that public debt would only hit the projected N77 trillion if the ways and means advances from the Central Bank of Nigeria (CBN)
According to Oniha, the securitisation of the ways and means advances will enable the agency to include the debt in the public debt stock, thereby, improving debt transparency.She said the total debt stock included external and domestic debts of the federal government, the 36 state governments and the federal capital territory .
“The debts that will be added to the public debt data in 2023 include the N1 trillion ways and means advances to finance the supplementary budget.“It also includes N22.72 trillion ways and means advances currently under consideration by the national assembly.
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