Nigerian Domestic and Foreign Debt (Q2 2018)

Nigerian Domestic and Foreign Debt  (Q2 2018)

Nigerian States and Federal Debt Stock data as at 30th June 2018 reflected that the countrys foreign and domestic debts stood at $22.08bn and N3.48trn respectively. Further disaggregation of Nigerias foreign debt showed that $10.88bn of the debt was multilateral $274.98m was bilateral (AFD) and another $2.12bn bilateral from the Exim Bank of China, JICA, India and KFW while $8.80bn was commercial.
Lagos State has the highest foreign debt profile among the thirty-six states and the FCT accounting for 34.17% while Edo (6.57%), Kaduna (5.48%), Cross River (4.56%) and Bauchi (3.18%) followed closely.Similarly, total domestic debt was N3.48 trillion with Lagos state accounting for 14.88 % of the total domestic debt stock while Anambra State has the least debt in this category with a contribution 0.08% to the total domestic debt stock.

Data source: National Bureau of Statistics


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