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DMO faults FG’s economic plan, advocates for a new one

A key agency of the Federal Government, Debt Management Office, DMO, has faulted the economic plan of the President Muhammadu Buhari administration, asking it to formulate a new economic blueprint and road map for the medium term.

This is coming on the heels of plans by the Federal Government to borrow US$29.9 billion over the next two years.

The call by the DMO is contained in its 2016 Debt Sustainability Analysis (DSA) report that was released on Wednesday in Abuja.

In the report, the DMO said the formulation of a blueprint will engender confidence in both local and international investors on the way forward.

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