FG, states total debt hits N33 trillion in Q1 2021 – NBS report.
The National Bureau of Statistics (NBS) report has shown that Nigerian States and Federal Debt Stock data as at 31st March 2021 of the country’s total public debt portfolio stood at N33.11trillion.
This was contained in the NBS’ report on the “Nigerian Domestic and foreign debt for Quarter one, 2021 (Q1 2021)” released on Thursday, June 24.
The report read that N12.47 trillion or 37.67% of the debt was external, while N20.64 trillion or 62.33% of the debt was domestic.
The NBS report read, “The Federal Government’s domestic debt stock alone was put at N16.51 trillion, while States and the Federal Capital Territory (FCT) domestic debt stock were put at N4.12 trillion.
“Lagos state accounting 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.”
The report titled ‘Nigerian domestic and foreign debt (Q4, 2020)’ read that the total states and Federal Capital Territory domestic debt profile hit N4.2tn with
The Bureau of Statistics stated that Jigawa State had the least debt stock in this category with a contribution of 0.74 percent.
Abia, Adamawa, Akwa Ibom and Anambra had N89.12bn (2.13 per cent), N98.9bn (2.36 per cent), N230.8bn and N59.97bn, while Bauchi, Bayelsa, Benue and Borno had N102.8bn, N144.13bn, N126.12bn and N89.05bn respectively.
Cross River, Delta, Ebonyi, Edo had N163.16bn, N248.45bn, N44.21bn, and N80.78bn, while Ekiti, Enugu, Gombe, Imo and Jigawa had N84.97bn, N68.09bn, N84.72tn, N150.2bn and N30.97bn respectively.
Kaduna, Kano, katsina, kebbi, Kogi, Kwara and Lagos had N68.75bn, N116.93bn, N48.03bn, N56.81bn, N68.09bn, N63.63bn, N508.78bn respectively, while Nasarawa, Niger, Ogun, Ondo, Osun, and Oyo had N59.4bn, N66.77bn, N153.49bn, N74.66bn, N134.11bn and N94.5bn respectively. Plateau, Rivers, Sokoto, Taraba and Yobe had N137.8bn, N266.9bn, N42.36bn, N106.04bn and N54.87bn respectively, while Zamfara and the FCT had N98.02bn and N69.5bn respectively.
