Public Debt Stock Increased 4.96% to N46.25 trillion in Q4.

0 60

In the fourth quarter of last year (Q4 2022), the overall public debt stock of the nation climbed by 4.96 percent to N46.25 trillion ($103.11 billion), up from N44.06 trillion ($101.91 billion), in the previous quarter.

The National Bureau of Statistics (NBS) reported that the total amount of domestic and external debt in Nigeria as of Q4 2022 was N27.55 trillion ($61.41 billion) and N18.70 trillion ($41.69 billion), respectively.

Further analysis of the borrowings showed that in Q4, the federal government held 80.62 percent of the total domestic debt.

States and the Federal Capital Territory (FCT) also accounted for N5.33 trillion in internal borrowings and N1.99 trillion in total external debt.

The NBS website’s report also revealed that  on state level, Lagos recorded the highest domestic debt in Q4 2022 with N807.21 billion.


Leave A Reply
%d bloggers like this: