Breaking News
Translate

FG, states debt portfolio hits N28.63trn ― NBS

Kindly Share This Story:

NBS

The National Bureau of Statistics (NBS) said on Friday that the total public debt portfolio of the Federal and State Governments as of March 31 stood at N28.63 trillion.

The NBS made this known in its Nigerian domestic and foreign debt report released in Abuja.

The bureau said that further disaggregation of Nigeria’s total public debt showed that N9.99 trillion which represented 34.89 per cent was external.

It stated that the domestic debt was N18.64 trillion which represented 65.11 per cent of the total debt.

ALSO READ: N9.8bn debt: AMCON takes over mechanic village, lands at Lekki

“States and Federal Capital Territory domestic debt was put at N4.11 trillion with Lagos State accounting for 10.8 per cent of the total domestic debt stock.

“Yobe State has the least debt stock in this category with a contribution of 0.7 per cent” the NBS stated.

[NAN]

Vanguard News Nigeria.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!