Nigeria’s total public debt at N33.11trillion (Q1, 2021)- NBS

Nigerian States and Federal Debt Stock data as of 31st March 2021 reflected that the country’s total public debt portfolio stood at N33.11trn, according to the latest report by the National Bureau of Statistics (NBS).

Further disaggregation of Nigeria’s total public debt showed that N12.47trn or 37.67% of the debt was external while 20.64trn or 62.33% of the debt was domestic.

Federal Government of Nigeria’s Only domestic debt stock was put at N16.51 while States and the Federal Capital Territory’s domestic debt stock was put at N4.12trn.

Lagos State, Nigeria’s commercial hub, accounted for 12.31% of the total domestic debt stock, while Jigawa State has the least debt stock in this category with a contribution of 0.77% to the total domestic debt stock.

Source: National Bureau of Statistics