Report by Nigeria Bureau of Statistics (NBS).
Nigerian States and Federal Debt Stock data as at 30th
June 2017 reflected that the country's foreign anddomestic debts stood at
$15.05bn and N14.06trn respectively.
Further disaggregation of Nigeria's foreign debt showed
that $9.67bn of the debt was multilateral;
$218.25m was bilateral (AFD) and $5.15bn from the Exim
Bank of China credited to the Federal
Government of Nigeria (FGN).
Total FGN debt accounted for 74% of Nigeria's total
foreign debt while all States and the Federal Capital
Territory (FCT) accounted for the remaining 26%.
Similarly, total FGN debt accounted for 78.66% of
Nigeria's total domestic debt while all States and the
Federal Capital Territory (FCT) accounted for the 21.34% balance.
A breakdown of the FGN domestic debt stock by instruments
reflected that N7.56trn or 68.41% of the debt are in Federal Government Bonds;
N3.28trn or 29.64% are in treasury bills and N215.99mln or 1.95% are in treasury
bonds.
Lagos State has the highest foreign debt profile among
the thirty-six states and the FCT accounting for 37% while Kaduna (6%), Edo
(5%), Cross River (4%) and Ogun (3%) followed closely.
Similarly, Lagos State has the highest domestic debt
profile among the thirty-six and the FCT accounting for 10.39% while Delta
(8.04%), Akwa Ibom (5.18%), FCT (5.09%) and Osun (4.90%) followed in that order
Download the report here
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