April 17, 2021

Dambela

Dambela Blog

The Nigeria’s total public Debt Stock portfolio as of 31st December 2020 stood at N32.92trn – NBS

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The Nigeria’s Federal and state public Debt Stock data as of 31st December 2020 reflected that the country’s total public debt portfolio stood at N32.92trn.

This was made known by the National Bureau of Statistics (NBS) through its Nigerian Domestic and Foreign Debt report for fourth Quarter, 2020, which was published in its website on Monday.

The total public debt portfolio showed that 38.60% (N12.71trn) of the debt was external while 61.40% (N20.21trn) of the debt was domestic.

Further disaggregation of Nigeria’s foreign debt showed that $17.93bn of the debt was multilateral; $4.06bm was bilateral from the AFD, Exim Bank of China, JICA, India, and KFW while $11.17bn was commercial which are Eurobonds and Diaspora Bonds and $186.70 as Promissory notes.

The total States and FCT domestic debt was put at N4.19trn with Lagos state accounting for 12.15% of the debt stock while Jigawa State has the least debt stock in this category with a contribution of 0.74%.

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