TUE. 31 JANUARY, 2023-theGBJournal| According to data provided the National Bureau of Statistics (NBS) by Debt Management office (DMO), Nigeria’s public debt stock which includes external and domestic debt now stands at N44.06 trillion (US$101.91 billion) in Q3 2022 from N42.84 trillion (US$ 103.31 billion) in Q2 2022.
This, according to NBS, shows that public debt (in national currency) grew by 2.84% in Q3 2022.
External debt stood at N17.14 trillion (US$39.66 billion) in Q3 2022, while domestic debt was N26.91 trillion(US$62.25billion).
However, the share of external debt to total public debt stood at 38.92% in Q3 2022, while domestic debt was recorded at 61.08%. In addition, the Federal Government’s share of domestic debt was
On state profile analysis, 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.
On the other hand, 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. 80.07% in Q3 2022.
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