Nigeria’s public debt rose to N44.06trn in Q3 2022

Nigeria’s public debt rose to N44.06trn in Q3 2022

PREMIUM TIMES

Nigeria’s public debt stock stood at N44.06 trillion ($101.91 billion) in the third quarter of 2022, the National Bureau of Statistics has said.

The bureau, in its Nigerian domestic and foreign debt Q3 2022 report released Monday, said that Nigeria’s public debt stock which includes external and domestic debt rose from N42.84 trillion or $103.31 billion in the second quarter of 2022 to N44.06 trillion or $101.91 billion in the third quarter of the same year.

The NBS said the figure shows that the public debt in national currency grew by 2.84 per cent within the period.

The data showed the debt figure comprised the debt stock of the federal government, the 36 state governments and the Federal Capital Territory.

The report said external debt stood at N17.14 trillion or $39.66 billion while domestic debt was N26.91 trillion in the quarter under review.

However, the statistical office said the…

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