Nigeria’s debts hit N33.11 trillion, says NBS
The Federal and State governments owe N33.11 trillion in public debts, as of March 31, according to latest figures released by the National Bureau of Statistics (NBS) on Thursday.
The NBS, which stated this in its “Nigerian domestic and foreign debt for Quarter one, 2021 (Q1 2021)”, added that upon disaggregation, the nation’s total public debt indicated that N12.47 trillion or 37.67 per cent of the debt was external, while N20.64 trillion or 62.33 per cent of the debt was domestic.
“The Federal Government’s domestic debt stock alone was put at N16.51 trillion, while States and the Federal Capital Territory (FCT) domestic debt stock was put at N4.12 trillion.
“Lagos state accounted for 12.31 per cent of the total domestic debt stock with N507.3 billion, while Jigawa State, with N31.7 billion, has the least debt stock in this category with a contribution of 0.77 per cent to the total domestic debt stock”, the report said.
Although the domestic debt stock for 35 States and the FCT were as at 31 March, 2021, that of Rivers was as at December 30, 2018.
To arrive at the figures, data was supplied administratively by the Debt Management Office (DMO), while the NBS verified and validated it, the report said
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Politics
2027: NDC to inaugurate presidential council October 20
The chairman said the party was taking time to make appropriate appointments to avoid disagreements that could disrupt its campaigns.
World
About one million without electricity after hurricane makes landfall in Florida
Isaias peaked as a category three hurricane, with heavy rain and powerful winds, but has since been downgraded.
Lagos
Lagos targets 3,000MW electricity supply by March 2027
Mr Sanwo-Olu said the initiative is part of efforts to end blackouts and build a 24-hour power economy in the state.
Politics
Nigeria at its best in 12 years; no govt has built infrastructure like my husband’s, says Remi Tinubu
Mrs Tinubu also cited the administration’s food support programme, saying it was designed to provide nutritious food for children.
States
Turkish Airlines increases Lagos flights from seven to 10 weekly
The statement added that the increase was aimed at meeting the growing travel demand between Nigeria and Türkiye.
States
Gov Yusuf condoles victims of bandit attack in Kano
Mr Yusuf assured residents that the state government was intensifying efforts to strengthen security through collaboration with relevant security agencies.
