FG, States’ Debt Profile Rise To N32.92trn – NBS Reveals
Nigeria’s total public debt profile as at December 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals.
It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja.
It added that the debt profile was for the States and the Federal Government.
According to the bureau, Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external, while N20.21 trillion or 61.40 per cent of the debt was domestic.
“Further disaggregation of Nigeria’s foreign debt showed that 17.93 billion dollars of the debt was multilateral, 4.06 billion dollars was bilateral from the African Development Bank (AfDB), Exim Bank of China, Japan International Cooperation Agency (JICA), India and KFW.
[irp]
“Meanwhile, 11.17 billion dollars was commercial which are Eurobonds and Diaspora Bonds and 186.70 million dollars as Promissory notes.”
The report said that the total States and Federal Capital Territory (FCT) domestic debt was put at N4.19 trillion with Lagos State accounting for 12.15 per cent of the debt stock.
It added that Jigawa had the least debt stock in this category with a contribution of 0.74 per cent.
The governor of Ekiti state, Biodun Oyebanji has honoured Primate Elijah Ayodele’s late father by…
Star Life's new series, Saras & Kumud teasers November 2024, can be accessed below. …
Polaris Bank clinched the "Best Mobile App" award at the Digital Jurist Awards 2024. …
Access Holdings’ total assets grew to ₦41.1 trillion in Q3. Glamtush reports that Access…
Nigeria has been ranked fifth globally in daily social media usage. Glamtush reports that…
Saraswatichandra, retitled Saras & Kumud, is Star Life’s upcoming series, which is a shift from…