Nigeria: N322.8 Billion Debt Restructured for 11 States - DMO

25 August 2015

The Debt Management Office (DMO) yesterday put the total value of the debt restructured for the 11 cash trapped states at N322.788 billion.

With this restructuring, the states' monthly debt service have been reduced to a minimum of 55 per cent and a maximum of 97 per cent, thus relieving them of the huge debt burden which had prior to now, been a huge drain on their income.

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