Quote from Ndubuisi Ekekwe on February 11, 2023, 10:17 PM

• “Nigeria’s public debt stock which includes external and domestic debt stood at N44.06 trillion (US$101.91 billion) in Q3 2022 from N42.84 trillion (US$ 103.31 billion) in Q2 2022. This shows that public debt (in national currency) grew by 2.84% in q3 2022 
• “External debt stood at N17.14 trillion ($39.66 billion) in q3 2022, while domestic debt was N26.91 trillion ($62.25 billion).”

• “However, the share of external debt to total public debt stood at 38.92% in q3 2022, while domestic debt was recorded at 61.08%. 

• “In addition, the FG share of domestic debt was 80.07% in q3 2022. On state analysis, Lagos recorded the highest domestic debt in Q3 2022 with N877.03 billion, followed by Delta with N272.61 billion and Ogun with N241.78 billion.”

Source: National Bureau of Statistics/ Nigerian Domestic & Foreign Debt Q3 2022 report.