The Debt Management Office (DMO), says as at June 30, Nigeria owes N25.7 trillion in debt both domestically and externally.
The DMO said this in its ‘Total Public Debt Portfolio’ obtained from its website on Wednesday in Abuja.
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The News Agency of Nigeria (NAN) reports that as at Dec. 31, 2018, Nigeria’s total debt stock stood at N24.38 trillion.
The present figure shows an increase in debt stock of N1.32 trillion.
The DMO said that the current total debt stock comprised both the Federal Government debt, that of the 36 states and the Federal Capital Territory (FCT).
For the Federal Government, the DMO said it owed N20.42 trillion, while the states and FCT owed N5.27 trillion.
Of the Federal Government debt, N7.01 trillion was categorised as external debt, while N13.412 trillion was categorised as domestic debt.
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Source: Vanguard Newspaper
