Nigeria’s Public Debt Stock Increases To N44.06trn In Q3 2022 – NBS
Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion (101.91 billion dollars) in the third quarter of 2022.
The National Bureau of Statistics (NBS), said this on Tuesday in its Nigerian Domestic and Foreign Debt Report for Q3 2022 released in Abuja.
The report said Nigeria’s public debt stock which includes external and domestic debt grew by 2.84 per cent in Q3 of 2022.
It said that External debt stood at N17.14 trillion (39.66 billion dollars) in Q3 2022, while domestic debt was N26.91 trillion (62.25 billion dollars).
“However, the share of external debt to total public debt stood at 38.92 per cent in Q3 2022, while domestic debt was recorded at 61.08 per cent.’’