The National Bureau of Statistics, NBS has reported that the nation’s total debt (i.e States and Federal Debt) stood at N33.11 trillion as at 31st of March 2021.
Disclosing this in a report titled “Nigerian Domestic and Foreign Debt Q1 2021″, NBS further categorized the debt, stating that:
“Further disaggregation of Nigeria’s total public debt showed that N12.47trn or 37.67% of the debt was external while 20.64trn or 62.33% of the debt was domestic.
“FGN Only domestic debt stock was put at N16.51 while States and FCT domestic debt stock was put at N4.12trn.
“Lagos state accounting for 12.31% of the total domestic debt stock while Jigawa State has the least debt stock in this category with a contribution of 0.77% to the total domestic debt stock.” NBS stated.
