Nigeria’s public debt stock hits N97.34tr in Q4 2023 – NBS

…Lagos, Delta, Kaduna tops list The National Bureau of Statistics, (NBS), says Nigeria’s public debt stock rose from N87.91 trillion ($114.35 bn) in the third quarter of 2023 to N97.33 trillion ($108.23 bn) in the fourth quarter of 2024. According to the latest domestic and foreign debt report published by the NBS, Lagos State has the highest debt record in both domestic and foreign or external debt among the 36 States and the Federal Capital Territory, (FCT), at the end of the fourth quarter (Q4) 2024. However, a breakdown of…

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Nigeria’s public debt hits N97tr in December 2023 – DMO

The Debt Management Office, (DMO) has announced that Nigeria’s public debt stock as of 31 December 2023 is N97.341 trillion ($108.229 bn). The agency, which made the announcement  on Friday, noted that the amount comprised domestic and external debt stocks of the Federal Government, the 36 state governments and the Federal Capital Territory (FCT), added that the new figure shows an increase of N9.43 trillion over the comparative figure for 30 September 2023. This was largely because of the new domestic borrowing by the federal government to part-finance the deficit…

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Kaduna: $600m debt profile sparks crisis between Gov. Uba Sani, el-Rufa’i

A crisis has emerged between the former governor of Kaduna State, Nasir el-Rufa’i and his political godson, Uba Sani, following the discovery that the State was hugely indebted to a whooping sum of $600 million foreign debt. It was gathered at the weekend that Uba Sani, who had been an aide to el-Rufa’i for years before he became a Senator representing Kaduna-Central senatorial district in the 9th National Assembly, replacing Shehu Sani, the activist. Despite the anomaly and other decision taken by the former governor el-Rufa’i that left bitter taste…

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