Nigeria’s public debt stock stood at N44.06 trillion ($101.91 billion) in the third quarter of 2022, the National Bureau of Statistics has said.
The bureau, in its Nigerian domestic and foreign debt Q3 2022 report released Monday, said that Nigeria’s public debt stock which includes external and domestic debt rose from N42.84 trillion or $103.31 billion in the second quarter of 2022 to N44.06 trillion or $101.91 billion in the third quarter of the same year.
The NBS said the figure shows that the public debt in national currency grew by 2.84 per cent within the period.
The data showed the debt figure comprised the debt stock of the federal government, the 36 state governments and the Federal Capital Territory.
The report said external debt stood at N17.14 trillion or $39.66 billion while domestic debt was N26.91 trillion in the quarter under review.
However, the statistical office said the share of external debt to total public debt stood at 38.91 per cent in Q3 2022, while domestic debt was recorded at 61.08 per cent.
On state profile analysis, it said Lagos recorded the highest domestic debt in Q3 2022 with N877.03 billion, followed by Delta with N272.61 billion and Ogun with N241.78 billion.
“The lowest debt was recorded in Jigawa with N44.40 billion, followed by Kebbi and Katsina with N60.13 billion and N62.37 billion respectively,” it said.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.Donate
TEXT AD: Call Willie - +2348098788999