Business
FG, States’ Debt Profile Rise To ₦32.92 Trillion – NBS
Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals.
It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja..
It added that the debt profile was for the States and the Federal Government.
According to the bureau, Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external, while N20.21 trillion or 61.40 per cent of the debt was domestic.
“Further disaggregation of Nigeria’s foreign debt showed that 17.93 billion dollars of the debt was multilateral, 4.06 billion dollars was bilateral from the African Development Bank (AfDB), Exim Bank of China, Japan International Cooperation Agency (JICA), India and KFW.
“Meanwhile, 11.17 billion dollars was commercial which are Eurobonds and Diaspora Bonds and 186.70 million dollars as Promissory notes.”
The report said that the total States and Federal Capital Territory (FCT) domestic debt was put at N4.19 trillion with Lagos State accounting for 12.15 per cent of the debt stock.
It added that Jigawa had the least debt stock in this category with a contribution of 0.74 per cent.
“There’s hunger, however there’s huge” hope – Tinubu Lament
Nigerian man who passed away 10 years ago confesses he’s currently in Lagos, reveals big secret
Delta court begins hearing on alleged s3x trafficking of 15-year-old girl by mother
FG confirms arrest of Simon Ekpa by Finnish authorities
“Simon Ekpa is not our member” – IPOB stated
“They don’t look so happy” – Reactions trail video of Chioma and Hailey at Davido’s concert
Diddy claims prosecutors showed judge edited Cassie video to make him look dangerous
“God is still in the business of doing wonders, please keep trusting God” – Emotional moment gospel singer Yinka Alaseyori serenades actress Dayo Amusa who gave birth to her first child at 41 years (Video)
-
Biafra1 day ago“Simon Ekpa is not our member” – IPOB stated
-
Celebrity Gossip & Gist1 day ago“They don’t look so happy” – Reactions trail video of Chioma and Hailey at Davido’s concert
-
Celebrity Gossip & Gist1 day agoDiddy claims prosecutors showed judge edited Cassie video to make him look dangerous
-
Celebrity Gossip & Gist1 day ago“God is still in the business of doing wonders, please keep trusting God” – Emotional moment gospel singer Yinka Alaseyori serenades actress Dayo Amusa who gave birth to her first child at 41 years (Video)