Nigeria’s public debt stock stood at N44.06 trillion ($101.91 billion) in the third quarter of 2022, District Central Statistics Agency have said.
The bureau, in its Q3 2022 Nigeria domestic and foreign debt report released on Monday, said Nigeria’s public debt stock which includes external and domestic debt increased from N42.84 trillion or $103.31 billion in the second quarter of 2022 to N44.06 trillion or $ 101.91 billion in the third quarter of the same year.
The NBS said that these figures show that the public debt in the national currency increased by 2.84 percent during the period.
The data shows the debt figures including the debt stock of the federal government, 36 state governments and the Federal Capital Territory.
READ ALSO: Nigeria’s federal, state, local governments shared N2.054tn in Q3 2020
The report said external debt stood at N17.14 trillion or $39.66 billion while domestic debt stood at N26.91 trillion in the quarter under review.
However, the statistics office said that the share of external debt to total public debt was 38.91 percent in Q3 2022, while domestic debt was recorded at 61.08 percent.
country performance
In the country profile analysis, he said Lagos recorded the highest domestic debt in Q3 2022 with N877.03 billion, followed by Delta with N272.61 billion and Ogun with N241.78 billion.
“The lowest debt was recorded in Jigawa with N44.40 billion, followed by Kebbi and Katsina with N60.13 billion and N62.37 billion,” he said.
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