NigeriaNBS Report: Nigeria’s Debt Hits N46.25trn In Q4 2022

NBS Report: Nigeria’s Debt Hits N46.25trn In Q4 2022


- Advertisment -spot_img
Half Price Store

Abuja, Nigeria – Domestic and external debt stocks of the federal republic of Nigeria, 36 state governments and the Federal Capital Territory, hit N46.25 trillion ($103.11 billion) in the fourth quarter of 2022.

This was disclosed on Friday March 31 by the National Bureau of Statistics (NBS) in its ‘Nigerian Domestic and Foreign Debt Report for Q4 2022’, released in Abuja.


According NAN, the report showed that Nigeria’s public debt stock grew by 4.96 per cent in Q4 of 2022.

It said external debt stood at N18.70 trillion ($41.69 billion) in Q4 2022, while domestic debt was N27.55 trillion ($61.41 billion).

The NBS, however, said the share of external debt to total public debt stood at 40.44 per cent in Q4 2022, while domestic debt was recorded at 59.56 per cent.

In addition, the report showed that the federal government’s share of domestic debt was 80.62 per cent in Q4 2022.

Read Also: It’s The Worst Time To Fight Me – A Joshua

In a breakdown by states, the bureau said Lagos recorded the highest domestic debt of N807.21 billion in the fourth quarter of 2022. Delta followed it with N304.25 billion and Ogun with N270.45 billion.

The report showed Jigawa recorded the lowest debt at N43.95 billion, followed by Kebbi and Katsina at N61.31 billion and N62.37 billion.

Nigeria’s total public debt as of Dec. 31, 2021, was N39,556 trillion or $95.779 billion.

The comparable figure for December 31, 2020, was N32.915 trillion or $86.392 billion.

New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.


Please enter your comment!
Please enter your name here

Latest news

Exquisite Rooftop Lounge, Sky Garden Opens in Lagos

Lagos, Nigeria - The nightlife experience of residents was elevated with the grand opening of an exquisite rooftop lounge, Sky...

Apostle Suleiman Approaches Court To Debunk Pregnancy Allegations

In a bid to clear his name, Apostle Suleiman Johnson, the founder of Omega Fire Ministries International, has called...

Actress, Temidayo Calls Out Senior Colleague, Papa Show for Physically Assaulting Her

A Nollywood actress, Temidayo Morakinyo has accused her senior colleague, Shoneye Olamilekan (Papa Show), for allegedly assaulting her while...

Police Nabbed 5 For Producing Fake Birth Certificates

SOUTH AFRICA - Police operatives have arrested five (5) people after they were allegedly caught in the act of...
- Advertisement -spot_imgspot_img

Unknown Gunmen Attack Plateau Community, Kill At Least 37

Jos, Nigeria - No fewer than thirty-seven (37) persons have been reportedly killed during an attack on Bwoi community...

Woman Jailed 6 Years For Strangling Her Rapist To Death

A court in Mexico has sentenced a young woman and mother who strangled her rapist to death, to six...

Must read

Attitude, Skillfulness and Dynamism Drives Employability in This Age – Stakeholders

Lagos, Nigeria - Despite challenges of high youth unemployment...

Prince Nwoko Wins Golden Lion Award

Prince Demas Nwoko - Nigerian born artist, designer and...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

Buy More, Save More