Key Highlights

• Nigeria's public debt stock which includes external and domestic debt stood at N97.34 trillion (US$108.23 billion) in Q4 2023 from N87.91 trillion (US$ 114.35 billion) in Q3 2023, indicating a growth rate of 10.73% on a quarter-on-quarter basis.
• Total external debt stood at N38.22 trillion (US$42.50 billion) in Q4 2023, while total domestic debt was N59.12 trillion (US$65.73 billion).
• The share of external debt (in naira value) to total public debt was 39.26% in Q4 2023, while the share of domestic debt (in naira value) to total public debt was 60.74%.
• Lagos state recorded the highest domestic debt in Q4 2023 with N1.05 trillion, followed by Delta with N373.41 billion. 
• Jigawa state recorded the lowest domestic debt with N42.76 billion, followed by Kebbi with N60.69 billion.
• Again, Lagos state had the highest external debt in Q4 2023 with $1.24 billion, followed by Kaduna with $587.07 million, while Borno recorded the least with $20.49 million, followed by Yobe with $21.49 million.

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