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Saturday, January 2, 2021

NIGERIA'S DEBT STOCK INCREASES TO ₦32.223 TRILLION

 


Nigeria's debt stock has increased to ₦33.223 trillion in September 2020. This was released by Debt Management Officer on Thursday, 31st December, 2020 in the third quarter country data.


Nigeria's debt stock is made up of the following;

  

1.     Domestic and External Debt Stocks of the Federal Government of Nigeria (FGN), the 36 State Governments and the Federal Capital Territory (FCT) grew by    ₦1.214 trillion between June 2020 and the end of September 2020. 


2.     The data showed that 37.82% represents External debts, while the balance of 62.18% is Domestic.


3.     ₦20.136 Billion of Promissory Notes were issued in Q3, 2020, as at September 30, 2020, the Promissory Notes Outstanding, which are all included in the Domestic Debt Stock, stood at ₦971.878 Billion.

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