Nigeria’s public debt rose to N44.06 trillion in Q3 2022: NBS

Nigeria’s public debt stock increased from N42.84 trillion ($103.31 billion) in the second quarter of 2022 to N44.06 trillion ($101.91 billion) in the third quarter of 2022.
The National Bureau of Statistics (NBS) said this on Tuesday in its Nigerian Domestic and Foreign Debt Report for Q3 2022 released in Abuja.
The report said Nigeria’s public debt stock, which includes external and domestic debt, grew by 2.84 per cent in Q3 of 2022.
It said external debt stood at N17.14 trillion ($39.66 billion) in Q3 2022, while domestic debt was N26.91 trillion ($62.25 billion).
“However, the share of external debt to total public debt stood at 38.92 per cent in Q3 2022, while domestic debt was recorded at 61.08 per cent.’’
In addition, the report showed that the federal government’s share of domestic debt was 80.07 per cent in Q3 of 2022.
In a breakdown by states, the bureau said Lagos State recorded the highest domestic debt of N877.03 billion in the third quarter of 2022.
Delta followed it with N272.61 billion and Ogun with N241.78 billion.
The report showed Jigawa recorded the lowest debt at N44.40 billion, followed by Kebbi and Katsina at N60.13 billion and N62.37 billion.
(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

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.”

Abuja
Gwagwalada residents seek improved sports facilities to boost development
Residents of Gwagwalada in the FCT called for improved sports facilities, regular competitions, and investments in grassroots sports to boost youth development.

World
UNESCO demands global action to save world heritage
He said threats to world heritage include increasingly extreme weather events, natural disasters, deliberate attacks and growing human pressures.

NationWide
NADF inaugurates nationwide training of 1,884 extension agents
Mr Ibrahim said extension workers are central to improving agricultural productivity.

Heading 2
Tearful Lionel Scaloni pledges to honour Argentina contract after World Cup heartbreak
Scaloni has been the manager of the Argentina football team since 2018, and his current contract is set to expire in December.

States
Kogi, Nasarawa, Niger intensify preparedness amid flood warnings
The measures include the construction of drainage infrastructure, activation of emergency operations centres, and public sensitisation campaigns.

Economy
NERC issues guidelines for technical audit of transmission network
According to NERC, the guidelines establish a uniform and standardised process for periodic technical audits of Nigeria’s electricity transmission system.





