Lagos leads as Nigeria’s public debt portfolio hits N28.63 trillion

July 11, 2020
36 Views

The public debt portfolio of the federal and state government has risen to N28.63 trillion as at March 31 with Lagos state accounting for 10.8 percent of the total domestic debt stock.

In its Nigerian domestic and foreign debt report, the Nigerian Bureau of Statistics (NBS) stated that disaggregation of Nigeria’s total public debt showed that N9.99 trillion which represented 34.89 percent was external.

It added that the domestic debt was N18.64 trillion which represented 65.11 percent of the total debt.

According to the NBS, Lagos accounted for 10.8 percent of the total domestic debt stock in the country. “States and Federal Capital Territory domestic debt was put at N4.11 trillion with Lagos State accounting for 10.8 percent of the total domestic debt stock.

Yobe State has the least debt stock in this category with a contribution of 0.7 percent.”

You may be interested

Police Kill Four, Arrest Eight, Recover Arms And Ammunition In Abia State
News
News

Police Kill Four, Arrest Eight, Recover Arms And Ammunition In Abia State

Webby - February 24, 2021

/* custom css */ .tdi_74_767.td-a-rec{ text-align: center; }.tdi_74_767 .td-element-style{ z-index: -1; }.tdi_74_767.td-a-rec-img{ text-align: left; }.tdi_74_767.td-a-rec-img img{ margin: 0 auto 0…

See How An Igbo Man Proposed To His Wife
News
News

See How An Igbo Man Proposed To His Wife

Webby - February 24, 2021

In her post, the lady revealed that her fiance at the time didn’t go through the conventional manner of proposing…

‘Make Bobrisky Money No Finish’ Outrage As Another Fan Tattoos Bobrisky on Her Arm
News
1 views
News
1 views

‘Make Bobrisky Money No Finish’ Outrage As Another Fan Tattoos Bobrisky on Her Arm

Webby - February 24, 2021

Another fan draws Bobrisky on her arm Fans have expressed concern after another fan tattooed Bobrisky on her arm. Many…

Leave a Comment

Your email address will not be published.