Advertisement
2023 GOVERNORSHIP AND
STATE HOUSE OF ASSEMBLY ELECTIONS
- days
- Hours
- Minutes
- Seconds
Advertisement
Nigeria’s public debt stock which includes external and domestic debt hit a new mark of N46.25 trillion in Q4 2022 from N44.06 trillion in Q3 2022.
This is according to the Nigeria Bureau of Statistics(NBS) which released its quarterly report titled “Nigerian Domestic & Foreign Debt Q4 202” on Friday.
The report revealed that the nation’s public debt grew by 4.96% in Q4 2022, while
external debt stood at N18.70 trillion in the same quarter of 2022.
“However, the share of external debt to total public debt stood at 40.44% in Q4 2022, while domestic debt was recorded at 59.56%. In addition, the Federal Government’s share of domestic debt was 80.62% in Q4 2022,” the report read.
Advertisement
In a debt profile breakdown, the commercial hub of the nation, Lagos, tops the states with the highest debt profile recording a total of N807.21 billion in Q4 2022, while Delta came in second with N304.25 billion and Ogun with N270.45 billion.
Meanwhile, Jigawa recorded the lowest debt with N43.95 billion followed by Kebbi and Katsina with N61.31 billion and N62.37 billion respectively.
(Channels TV)
Disclaimer
Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.
Support The Pacesetter Frontier Magazine
It takes a lot to get credible, true and reliable stories.
As a privately owned media outfit, we believe in setting the pace and leaving strides in time.
If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.
Related posts
The problem of plastic waste pollution
Bank loans from CBN rise by 233 percent
Stay connected
Recent News
NYPF commends Enugu gov’t on Foreign Direct Investments, charges them to be more tax friendly to MSMEs
Advertisement The Nigerian Young Professionals Forum, Enugu State, has urged the Enugu State Government to be more tax friendly to…
[ANALYSIS] Will Wike vs Fubara feud rip Rivers NASS caucus apart?
Advertisement By Order Paper The unyielding political face-off rocking the Rivers state chapter of the Peoples Democratic Party (PDP) is…