Nigerian Domestic and Foreign Debt (Q4 2018)

Nigerian Domestic and Foreign Debt
(Q4 2018)

Nigerian States and Federal Debt Stock data as at 31st December 2018 reflected that the country foreign and domestic debts stood at $25.27bn and N16.63trn respectively.
Further disaggregation of Nigeria foreign debt showed that $11.01bn of the debt was multilateral; $344.63m was bilateral (AFD) and another $2.75bn bilateral from the Exim Bank of China, JICA, India and KFW while $11.17bn was commercial which are basically Eurobonds and Diaspora Bonds.
Lagos State has the highest foreign debt profile among the thirty-six states and the FCT accounting for 5.64% while Edo (1.09%), Kaduna (.0.90%) and Cross River (0.75%) followed closely. Similarly, total domestic debt was N16.63 trillion with Lagos state accounting for 3.19% of the total domestic debt stock while Yobe State has the least debt stock in this category with a contribution of 0.17% to the total domestic debt stock.

Data source: National Bureau of Statistics


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