During the fourth quarter, Nigeria's stock of public debt increased from N87.91 trillion (114.35 billion dollars) in the third quarter to N97.34 trillion (108.23 billion dollars). This information was outlined in the Nigerian Domestic and Foreign Debt Report for Q4 2023 by the National Bureau of Statistics, which was made public in Abuja on Tuesday.
This was stated in the Nigerian Domestic and Foreign Debt Report for Q4 2023 by the National Bureau of Statistics, which was made public in Abuja on Tuesday.
According to the report, Nigeria's public debt stock , which comprised both domestic and foreign debt, increased by 10.73 percent on a quarterly basis.
The report states that, as of Q4 2023, domestic debt was N59.12 trillion (65.73 billion dollars), while external debt was N38.22 trillion (42.50 billion dollars).
However, as of Q4 2023, domestic debt was recorded at 60.74 percent, while the share of external debt to total public debt was 39.26 percent.
Jigawa has the lowest domestic debt, according to the study, at N42.76 billion, followed by Kebbi at N60.69 billion.
Furthermore, it was reported that Kaduna state has the second-highest external debt, at $587.07 million, after Lagos state, with $1.24 billion.
According to the NBS, Borno had the lowest external debt at 20.49 million dollars and Yobe came in second with 21.49 million comprising domestic and foreign debt, increased by 10.73% every quarter.comprising domestic and foreign debt, increased by 10.73% every quarter.comprising domestic and foreign debt, increased by 10.73% every quarter.comprising domestic and foreign debt, increased by 10.73%
