Nigeria’s debt stock has risen to ?32.223 trillion as at September 2020.
This is according to the Debt Management Office, (DMO)’s third quarter country debt data report released yesterday in Abuja.
According to the DMO, Nigeria’s debt stock grew by ?1.214 trillion between June 2020 and the end of September 2020.
Picture caption: DMO D-G
In the release, the DMO said that “the Total Public Debt Stock stood at N32.223 Trillion or USD84.574 billion.
The Debt Stock is made up of the Domestic and External Debt Stocks of the Federal Government of Nigeria (FGN), the 36 State Governments and the Federal Capital Territory (FCT).
The DMO Public Debt figures show that 37.82% represents External debts, while the balance of 62.18% is domestic.
