Nigeria’s debt stands at N44trn

Spread the love

Abuja, Jan. 31, 2023 – Nigeria’s total public debt stock stood at N44.06 trillion (US$101.91 billion) as at the end of September 2022.

It rose from N42.84 trillion (US$ 103.31 billion) in June 2022. 

The debt stock includes external and domestic debts.

This was disclosed by the National Bureau of Statistics report on Nigeria’s Domestic and Foreign Debt Q3 2022 released on Tuesday. 

The NBS report said that Nigeria’s external debt stood at N17.14 trillion ($39.66 billion) in Q3 2022, while domestic debt was N26.91 trillion ($62.25 billion) 

The NBS said that public debt, in national currency, grew by 2.84% in Q3 2022.

The report added that the share of external debt to total public debt stood at 38.92% in Q3 2022. 

It listed the states with the lowest debts as  Jigawa with N44.40 billion, followed by Kebbi and Katsina with N60.13 billion and N62.37 billion respectively.  (GBN)

Leave a Reply

Your email address will not be published. Required fields are marked *