The Debt Management Office (DMO) has revealed that the federal government, in the first six months of 2022, spent N1.87 trillion repaying matured loans, IgbereTV reports
The loans include those obtained from foreign countries and organizations and those obtained from citizens (domestic market).
DMO stated this in its latest debt report published on its website on Tuesday.
A breakdown from the report shows that out of the total debt service, N1.33 trillion went to domestic creditors while N536.16 billion was to foreign creditors.
Domestic debt servicing was paid to creditors that invested in the Nigerian Treasury Bills, Federal Government Bonds, Federal Government Green Bonds, Federal Government Savings Bonds, Promissory Notes (principal), and Federal Government Sukuk
