FG, the state debt profile stands at 32.9 billion naira
Nigeria’s complete public debt portfolio as of December 31, 2020 was N32.92 billion, the Nationwide Bureau of Statistics (NBS) revealed.
He made the revelation in his report on Nigeria’s home and international debt for the fourth quarter of 2020, obtained from its web site yesterday in Abuja.
Based on the Information Company of Nigeria (NAN), the debt profile involved states and the federal authorities.
Based on the bureau, Nigeria’s complete public debt confirmed that 12.71 trillion Nigerians, or 38.60 p.c of debt, was exterior, whereas 20.21 trillion naira or 61.40 p.c of debt was home.
“Additional disaggregation of Nigeria’s exterior debt confirmed that $ 17.93 billion in debt was multilateral, $ 4.06 billion bilateral from the African Improvement Financial institution, Exim Financial institution of China, Japan Worldwide Cooperation Company, India and KFW.
“In the meantime, $ 11.17 billion was buying and selling which is Eurobonds and Diaspora bonds and $ 186.70 million within the type of promissory notes.”
The report states that the full home debt of the states and the Federal Capital Territory has been valued at N4.19 trillion, with Lagos State accounting for 12.15% of excellent debt.
He added that Jigawa had the least debt on this class with a contribution of 0.74%.