Nigeria’s public debts hit N32.92tr

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yesterday said states and federal debts were N32.92 trillion as at December 2020.

Its data entitled: “Nigerian Domestic and Foreign Debt (Q4 2020)” pasted its website, said while N12.71 trillion external, representing 38.60 per cent debt stock, N20.21 trillion, representing 61.40 per cent domestic.

NBS said: “Nigerian states and federal debt stock data as 31st December 2020 reflected that country’s debt portfolio stood at N32.92trillion.

“Nigeria’s debt showed that N12.71trillion or 38.60 per cent the debt external while N20.21trillion or 61.40 per cent of the debt domestic.”

The data explained that disaggregation of the country’s foreign debt showed that $17.93billion of the debt multilateral; $4.06billion bilateral from the AFD, EximBank of China, JICA, , and KFW while $11.17billion was commercial which are Eurobonds and Diaspora Bonds and $186.70 as promissory notes.

According to NBS, the total states and Federal Capital Territory (FCT) domestic debt was put at N4.19trillion with accounting for 12.15 per cent of the debt stock while has the least debt stock this category with a contribution of 0.74 per cent.