Re: States’ foreign debts rise by 26 percent in 18 months

Specifically, the intent behind the publication was to give a negative connotation to the debt data of the states by focusing on absolute numbers without relating them to the states’ capacity to carry, make good use of, and repay the loans. It is unfortunate that a medium like Daily Trust would lend itself to this […]

Specifically, the intent behind the publication was to give a negative connotation to the debt data of the states by focusing on absolute numbers without relating them to the states’ capacity to carry, make good use of, and repay the loans. It is unfortunate that a medium like Daily Trust would lend itself to this type of undignified approach to journalism. Accordingly, the DMO hereby requests a retraction of the story, to put the facts straight in the public interest.

Liman Balarabe, for Director-General, Debt Management Office, Abuja