Recent report published by the National Bureau of Statistics (NBS) reveals that Nigerian States and Federal Debt Stock data as of 31st March 2021 reflected that the country’s total public debt portfolio stood at N33.11trn.
Further disaggregation of Nigeria’s total public debt showed that N12.47trn or 37.67% of the debt was external while 20.64trn or 62.33% of the debt was domestic.
FGN Only domestic debt stock was put at N16.51 while States and FCT domestic debt stock was put at N4.12trn
Lagos state accounted 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.