The National Bureau of Statistics, NBS, says, Nigeria’s public debt stock which includes external and domestic debt stood at N46.25 trillion or US$103.11 billion in Q4 2022 from N44.06 trillion or US$ 101.91 billion in Q3 2022.
NBS disclosed this in its March report on “Nigerian Domestic & Foreign Debt,” which showed that public debt, in national currency, grew by 4.96 per cent in Q4 2022.
The report puts the country’s external debt at N18.70 trillion or US$41.69 billion in Q4 2022, while domestic debt stood at N27.55 trillion or US$61.41billion.
“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 share of domestic debt was 80.62% in Q4 2022.
“On state profile analysis, Lagos recorded the highest domestic debt in Q4 2022 with N807.21 billion, followed by Delta with N304.25 billion and Ogun with N270.45 billion.
“On the other hand, the lowest debt was recorded in Jigawa with N43.95 billion, followed by Kebbi and Katsina with N61.31 billion and N62.37 billion respectively,” the report said.
