FGN’s Contingent Liabilities Put at N1,656bn at the end of 2015

Another release by the DMO (its 2016 Debt Sustainability Analysis Report) puts the FGN’s contingent liabilities at N1,656bn at end-2015, equivalent to 1.7% of GDP. When we add the domestic and external debt of the federal government, the latter including the foreign-currency loans of the states guaranteed by the FGN, we come to a burden ...