Nigeria’s Debt Profile Now 28.63 Trillions

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The Debt Management Office announced on Thursday, that the total public debt profile of Nigeria has increased to N28.63 Trillions.

 

According to the Public Debt Portfolio report released on Thursday night, the DMO explained that the country’s total debt rose from the N27.4tn recorded in December 2019 to N28.63tn in March 2020.

 

This show shows that the country’s public debt portfolio grew by N1.23tn, representing 4.48 per cent within a space of three months.

 

According to the debt office, Nigeria’s total external debt obligations as of the end of March this year stood at N9.99tn, which is N970bn higher than N9.02trn which was recorded in December 2020.

 

The debt office added that the country’s domestic debt was N18.64tn, representing 65.11 per cent of the Nigeria’s debt stock.

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