nigeria’s public debt stock increases

Nigeria’s public debt stock increased from 42.8 trillion naira, an equivalent of one hundred and three point three-one billion dollars in the second quarter of 2022 to 44.0 trillion naira, an equivalent of 101. 91 billion dollars in the 3rd quarter of 2022.

The National Bureau of Statistics in its Nigerian Domestic and Foreign Debt Report for the 3rd quarter of 2022 released in Abuja said the public debt stock which includes external and domestic debt grew by 2.84%.

It said External debt stood at 17.14 trillion naira, an equivalent of 139.66 billion dollars, while domestic debt was 26.91 trillion naira.