NIGERIA’S TOTAL DEBT ROSE TO N19.63TN AS AT JUNE 2017

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The Debt Stock data released by the Debt Management Office revealed that the Total Public Debt Stock (external and domestic debt stock of the FGN and Sub-nationals) as at end of June 2017 was N19.63 trillion (about USD64.19 billion at $1/NGN 305.90), made up of External Debt Stock of N4.60 trillion (about USD15.05 billion) and Domestic Debt Stock ofN15.03 trillion (about USD 49.15 billion). 

The Domestic Debt Stock of the FGN and Sub-nationals accounted for 76.56% of the Total Public Debt Stock, while their External Debt Stock accounted for 23.44%. Furthermore, the Total Public Debt Stock increased by 2.50% from N19.16 trillion (about USD62.54 billion) to N19.64 trillion (about USD64.19 billion), during the period under review.

The Total External Public Debt Stock of the Federal Government and Sub-nationals increased by 8.98% fromUSD13.81 billion in March 2017 to USD15.05 billion in June 2017, while the Domestic Debt Stock of the Federal Government and the Sub-nationals increased by 0.669% from N14.93 trillion in March 2017 to N15.03 trillion in June 2017.

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