Nigeria’s public debt stock has increased to N97.34 trillion (108.23 billion dollars) in the fourth quarter of 2023, up from N87.91 trillion (114.35 billion dollars) in the third quarter of 2023.
The NBS report put the country’s external debt at N38.22 trillion (42.50 billion dollars), while the domestic debt stood at N59.12 trillion (65.73 billion dollars).
“However, the share of external debt to total public debt stood at 39.26 per cent in Q4 2023, while domestic debt was recorded at 60.74 per cent,” the report said.
https://twitter.com/NBS_Nigeria/status/1772644700312187314
In a breakdown by states, the bureau said that Lagos State recorded the highest domestic debt of N1.05 trillion in Q4 2023, followed by Delta with N373.41 billion. Jigawa recorded the lowest domestic debt at N42.76 billion, followed by Kebbi at N60.69 billion.
Lagos State also recorded the highest external debt with 1.24 billion dollars, followed by Kaduna State with 587.07 million dollars. Borno recorded the lowest external debt with 20.49 million dollars, followed by Yobe with 21.49 million dollars.
