By James Emejo in Abuja
Nigeria’s total domestic and foreign
debt stock stood at N15.63 trillion and $22.08 billion respectively, as
at June 30, 2018, the National Bureau of Statistics (NBS) has stated.
According to the Nigerian Domestic and
Foreign Debt (Q2 2018), which was posted on its website, of the total
domestic debt, borrowing by states represented N3.48 trillion, of which
Lagos accounted
for 14.88 per cent of the total domestic debt, while
Anambra had the least debt in the category with a contribution 0.08 per
cent to the total domestic debt stock.
However, the foreign borrowing consisted
of $10.88 billion from multilateral agencies; $274.98 million from
bilateral (AFD) and another $2.12 billion bilateral from the Exim Bank
of China, JICA, India and KFW, while $8.80 billion was commercial.
Lagos State had the highest foreign debt profile among the 36 states and the FCT accounting for 34.17 per cent.
Edo accounted for 6.57 per cent of external loans; Kaduna, 5.48 per cent; Cross River, 4.56 per cent and Bauchi, 3.18 per cent.
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