Nigeria’s Public Debt Stock Hits N97.34trn – NBS
The Nigerian Bureau of Statistics, NBS has said that the country’s public debt stock rose from N87.91 trillion (114.35 billion dollars) in the third quarter of 2023 to N97.34 trillion (108.23 billion dollars) in the fourth quarter of 2023.
NBS in its Nigerian Domestic and Foreign Debt Report for Q4 2023 released on Tuesday, March 26, 2024 in Abuja, said the nation’s public debt stock, which included external and domestic debt, grew by 10.73 per cent on a quarter on a quarter basis.
It put the country’s external debt at N38.22 trillion (42.50 billion dollars) in Q4 2023, stressing that domestic debt stood at N59.12 trillion (65.73 billion dollars).
“However, the share of external debt to total public debt stood at 39.26 per cent in Q4 2023, while domestic debt was recorded at 60.74 per cent,” the report said.
