Nigeria’s public debt hits N33.11 trillion

June 25, 2021
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The National Bureau of Statistics (NBS) on Thursday said Nigeria’s debt profile hit N33.11 trillion in March, 2021.

In its breakdown, it noted that N12.47 trillion, representing 37.67 per cent of the debt was external while 20.64 trillion, representing 62.33 per cent was domestic.

This was made known in the NBS report titled “Domestic and Foreign Debt (Q1 2021)” which The Nation obtained in Abuja.

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The document said in the period under review, “Nigerian States and Federal Debt Stock data as of 31st March 2021 reflected that the country’s total public debt portfolio stood at N33.11 trillion.

“Further disaggregation of Nigeria’s total public debt showed that N12.47 trillion or 37.67% of the debt was external while 20.64 trillion or 62.33% of the debt was domestic”.

The NBS added that Federal Government’s only domestic debt stock was put at N16.51  trillion while States and FCT domestic debt stock was put at N4.12 trillion with Lagos state accounting for 12.31% of the total domestic debt stock.

Meanwhile, Jigawa State has the least debt stock in this category with a contribution of 0.77% to the total domestic debt stock”.

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