In the fourth quarter of 2022, Nigeria’s total public debt stock, consisting of domestic and external debt stocks of the federal, 36 state governments, and the Federal Capital Territory, hit N46.25 trillion or $103.11 billion.

This was disclosed by the National Bureau of Statistics (NBS) on Friday in its ‘Nigerian Domestic and Foreign Debt Report for Q4 2022’, released in Abuja.Information Guide Nigeria

According to PEOPLES GAZETTE, the report showed that Nigeria’s public debt stock grew by 4.96 percent in Q4 of 2022.JAMB Result

The report said external debt stood at N18.70 trillion ($41.69 billion) in Q4 2022, while domestic debt was N27.55 trillion ($61.41 billion).

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However, NBS said the share of external debt to total public debt stood at 40.44 percent in Q4 2022, while domestic debt was recorded at 59.56 percent.JAMB Portal

The report also revealed that the federal government’s share of domestic debt was 80.62 percent in Q4 2022.

It also revealed that Lagos recorded the highest domestic debt of N807.21 billion in the fourth quarter of 2022. Delta followed it with N304.25 billion and Ogun with N270.45 billion. While Jigawa recorded the lowest debt at N43.95 billion, followed by Kebbi and Katsina at N61.31 billion and N62.37 billion.NYSC Portal

PEOPLES GAZETTE reports that Nigeria’s total public debt as of Dec. 31, 2021, was N39,556 trillion or $95.779 billion.

(NAN)

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