FG, States’ owe N33.11tn in external, domestic debt in Q1 — NBS

Date:

By Folasade Akpan
Abuja, June 24, 2021 The Federal and State governments are owing N33.11 trillion in public debts, as at March 31, according to latest figures released by the National Bureau of Statistics (NBS) on Thursday.

Thank you for reading this post, don't forget to subscribe!

The NBS, who stated this in its “Nigerian domestic and foreign debt for Quarter one, 2021 (Q1 2021)”, added that upon disaggregation, the nation’s total public debt indicated that N12.47 trillion or 37.67 per cent of the debt was external, while N20.64 trillion or 62.33 per cent of the debt was domestic.

“The Federal Government’s domestic debt stock alone was put at N16.51 trillion, while States and the Federal Capital Territory (FCT) domestic debt stock was put at N4.12 trillion.

“Lagos state accounted for 12.31 per cent of the total domestic debt stock with N507.3 billion, while Jigawa State, with N31.7 billion, has the least debt stock in this category with a contribution of 0.77 per cent to the total domestic debt stock”, the report said.

Although the domestic debt stock for 35 States and the FCT were as at 31 March, 2021, that of Rivers was as at December 30, 2018.

To arrive at the figures, data was supplied administratively by the Debt Management Office (DMO), while the NBS verified and validated it, the report said

By Naija247news
By Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

“U.S. State Mandates Display of Ten Commandments in Every Public School Classroom”

BATON ROUGE, La. (AP) — Louisiana has become the...

Nigeria Football Federation Denies Imposing Ban on Victor Osimhen Amid Social Media Outburst

The Nigeria Football Federation (NFF) has firmly refuted recent...

Global Fossil Fuel Consumption Hits Record Highs in 2023, Emissions Surge Despite Energy Mix Shift

According to the latest Statistical Review of World Energy...
× How can I help you?