Lagos owes 12.31% of Nigeria’s total domestic debt stock ― NBS

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Lagos owes 12.31% of  Nigeria’s total domestic debt stock ― NBS

Lagos integrates road, rail, water in bold, streamlined transportation master plan
Lagos integrates road, rail, water in bold, streamlined transportation master plan
Governor Babajide Sanwo-Olu

By Emmanuel Elebeke

Lagos state accounting for 12.31% of the total domestic debt stock, the National Bureau of Statistics, NBS  has said.

The NBS disclosed this in its quarterly data release made available at its website yesterday.

According to the data, Federal Government  only domestic debt stock was put at N16.51, while States and FCT domestic debt stock was put at N4.12trn, with Lagos state accounting for 12.31% of the total domestic debt stock, while Jigawa State has the least debt stock in this category with a contribution of 0.77% to the total domestic debt stock.

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Meanwhile, Nigerian States and Federal Debt Stock data as of 31st March 2021 shows that the country’s total public debt portfolio stood at N33.11trn.

The report indicates that further disaggregation of Nigeria’s total public debt showed that N12.47trn or…



Source: Vanguard Newspaper