The National Bureau of Statistics ( NBS) says Nigeria’s debt profile as at Dec.31,2020, stood at N32.92 trillion.
The Agency made the revelation in its Nigerian Domestic and Foreign Dept report for Quater Four 2020. published on its website on Monday.
It said Nigeria’s total public debt showed that N12.7trillion or 38.60 per cent of the debt was external while N20.21 trillion or 61.40 per cent of the debt was domestic.
Further breakdown of the Nigeria’s foreign debt showed that 17.93 billion dollars of the debt was multinatioanal,4.06 billion dollars was bilateral from the African Development Bank ( AFDB) Exim Bank of China,Japan International Cooperation Agency ( JICA) India and KFW.
According to the report,11.17 billion dollars was commercial which are Eurobonds and Diaspora Bond’s and 186.70 million dollars as promissory notes
The debt profile which was for the states and the federal government has a total states and Federal Capital Territory FCT domestic debt put at N4.19 trillion with Lagos State having a debt stock of12.15 per cent
The report added that Jigawa State had the least debt profile with a contribution of 0.74 per cent.
