Expansionist Fulani elders and youths are throwing tantrums, pleading, killing, maiming, kidnaping, and waiting for the Federal Government to allot them land
Average yields on Nigerian Treasury bills (T-bills) inched up as the Federal Government of Nigeria (FGN) postponed an auction that was initially scheduled for Tuesday. As analysts had projected, a total of N90 billion open market operations (OMO) maturity hit the financial system today to bolster liquidity. Chapel Hill
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The Debt Management Office (DMO) has explained that the N2.1 trillion allocated for Debt Service in the 2018 federal government budget was paid directly to the creditors by the Office of the Accountant-General of the Federation (OAGF).
By Ndubuisi Francis
The Debt Management Office (DMO) has explained that the provisions in the annual appropriation acts for debt service are solely dedicated for such payments only, which include the repayment of principal, interest and other charges for both domestic and external debt.
The debt management agency clarified that allocations for debt service obligations are never released to it for spending, adding that in line with the mandate of the Office of the Accountant-General of the Federation (OAGF), the funds are domiciled with the OAGF, who on the advice of the DMO, effects payments directly to the creditors as at when due.