Nigeria’s external, domestic debts stood at N25.7trn as at June 30 — DMO


The Debt Management Office (DMO) has said that Nigeria’s domestic and external debts stood at N25.7 trillion as at June 30.

The DMO disclosed this in its ‘Total Public Debt Portfolio’ posted on its website on today.

It would be recalled that at December 31, 2018, Nigeria’s total debt stock stood at N24.38 trillion.

The present figure shows an increase in debt stock of N1.32 trillion.

 The DMO stated that the current total debt stock is made up of debts owed by the federal government, 36 states and the Federal Capital Territory (FCT).

While the federal government owed N20.42 trillion, the states and FCT owed N5.27 trillion.

Of the federal government’s debts, the DMO categorised N7.01 trillion as external and N13.412 trillion as domestic.

For the states and the FCT, the DMO tagged N1.309 trillion as external debt and N3.966 trillion as domestic.

Giving further details on the federal government’s domestic debt stock by instrument, the DMO said bonds accounted for N9.691 trillion and treasury bills, N2.651 trillion.

Others included treasury bonds, N125.9 billion; savings bond, N10.431 billion; Sukuk N200 billion; green bond, N25.69 billion and promissory notes N707.7 billion.

The DMO also stated that the federal government spent N76.951 billion to service debts in the second quarter of 2019.


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