DOLLY PARTON RETURNS TO PUBLIC EYE TO CELEBRATE OPENING DAY AT DOLLYWOOD . (PHOTO).

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 Dolly Parton returns to public eye to celebrate opening day at Dollywood     Dolly Parton made her first public appearance in months to celebrate the opening day of Dollywood in Pigeon Forge, Tennessee, on Friday. The country music icon reflected on the past year, a year after the death of her husband of nearly 60 years, Carl Dean, saying she is “doing good” and has been working to rebuild herself spiritually, emotionally, and physically after grieving and dealing with health issues that kept her from touring. Joined on stage by Dollywood president Eugene Naughton, Parton brought her trademark humor to the crowd, joking about rumors of a new husband while reaffirming her devotion to Dean. She also shared updates on her ongoing projects, including a new Broadway musical and her Dolly’s Life of Many Colors Museum in Nashville. Parton previewed the park’s 41st season, highlighting the upcoming NightFlight Expedition ride, a new “Run Dollywood” race weekend, an updated ...
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NIGERIA’S PUBLIC DEVT HITS N87.91TRN: DMO RELEASES Q3 2023 REPORT.(PHOTO).

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Nigeria’s public debt hits N87.91trn: DMO releases Q3 2023 report

The Debt Management Office (DMO) has revealed that Nigeria’s public debt has surged to N87.91 trillion at the conclusion of the third quarter of 2023. This disclosure came through an official statement posted on the DMO’s verified Twitter handle on Wednesday.

The provided figures indicate a marginal uptick of 0.61%, compared to the N87.38 trillion recorded at the end of June 2023. The DMO further elaborated that the increase was predominantly attributable to a rise in domestic debt by N1.8 trillion.

In a noteworthy contrast, the external debt showed a reduction, declining from $43.16 billion as of June 30, 2023, to $41.59 billion by the end of the third quarter. This nuanced shift in the composition of Nigeria’s debt profile reveals a dynamic economic landscape, with implications for fiscal strategies and debt management policies in the coming months.

The statement reads, “The Total Public Debt as at September 30, 2023, was N87.91 Trillion or USD114.35 Billion.

“The amount represents the Domestic and External Debts of the Federal Government of Nigeria, the thirty-six State Governments, and the Federal Capital Territory.

“At N87.91 Trillion, the Total Public Debt Stock represents a marginal increase of 0.61% when compared to the June 30, 2023 figure of 87.38 Trillion.

“This trend is explained by the decrease in External Debt from USD43.16 Billion as at June 30, 2023, to USD41.59 Billion as at September 30, 2023, and a relatively moderate increase of N1.80 trillion in the Domestic Debt.

“External Debt decreased due to a redemption of a USD500 million Eurobond and the payment of USD413.859 million as first principal repayment of the USD3.4 Billion Loan obtained from the International Monetary Fund in 2020 during Covid-19.”

“The servicing of these Debts in addition to other Debts, are clear demonstrations of the FGN’s commitment to honouring its debt obligations.”

The DMO’s report underscores the ongoing challenges faced by the country in managing its debt, amid efforts to balance economic development initiatives and financial stability.

As Nigeria navigates the complexities of its debt dynamics, policymakers and economic analysts will closely scrutinize these figures for insights into the nation’s fiscal health and sustainability.

 

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