Nigeria’s public debt rose to N121.67 trillion in Q1 2024: NBS
Nigeria’s public debt stock increased from N97.34 trillion ($108.23 billion) in the fourth quarter of 2023 to N121.67 trillion ($91.46 billion) in the first quarter of 2024.
The National Bureau of Statistics said this on Tuesday in its Nigerian Domestic and Foreign Debt Report for Q1 2024 released in Abuja.
The report said Nigeria’s public debt stock, which included external and domestic debts, grew by 24.99 per cent on a quarter-on-quarter basis.
It said that the external debt stood at N56.02 trillion ($42.12 billion) in Q1 2024, while domestic debt was N65.65 trillion ($49.35 billion).
It noted, “However, the share of external debt to total public debt stood at 46.05 per cent in Q1 2024, while domestic debt was recorded at 53.95 per cent.’’
In a breakdown by states, the bureau said that Lagos State recorded the highest domestic debt of N929.41 billion in Q1 2024, followed by Delta with N334.90 billion.
The report showed Jigawa State recorded the lowest domestic debt at N2.07 billion, followed by Ondo State at N16.40 billion.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
Nigeria’s all-commodity group import index increases by 0.51%: NBS
The report said Nigeria’s major export destinations in Q1 2024 were France, Spain, the Netherlands, India, and the U.S.
NationWide
Nigerian media should be mobilising support for Tinubu’s government, national security
“The media is also expected to mobilise support to government and national security efforts and strongly help to dissipate ignorance,” said Mr Ribadu.
Economy
FCCPC tells Nigerians to endure Tinubu’s economic hardship
“Things are becoming unbearable. The government should urgently take action to save the lives of ordinary Nigerians,” an aggrieved citizen appealed.
Economy
Petrol pump price hits N2,000 per litre amid IPMAN strike in Adamawa
The IPMAN chairman, Dahiru Buba, stated this in an interview in Yola on Tuesday.
NationWide
Foundation urges wealthy Nigerians to give back to society
Ms Umar said that giving back to society should be a prerogative of well- meaning Nigerians.
World
Missing six-year-old body discovered in north-west Germany
A six-year-old boy named Arian has been missing in the region since April 22.
