Investor Presentaiton

Rising debt burden and budget deficit A report by analysts at FBNQuest say based on 2021 GDP, the nation's total debt stock has risen to around 25.4% of GDP compared with 24.7% as of Q2 '22. Given the DMO's public debt ceiling of 40%, the total public debt implies excess borrowing of NGN25. 3trn above that limit (Businessday). Just recently, the Debt Management Office, DMO, said Nigeria's total debt stock would hit N77trn in May 2023 if the National Assembly okayed the Buhari administration's 23.8 trillion Ways and Means Advances (Daily post). OVERVIEW OF THE ECONOMIC CLIMATE IN NIGERIA. XCELLON CAPITAL ADVISORS PEOPLE + IDEAS + SOLUTIONS 9 © 2023, Xcellon Capital

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