Nigeria’s debt stock rose to ?32.223 trillion in September 2020 as revealed in the third quarter country debt data released by Debt Management Office on Thursday December 31.
Nigeria’s debt stock which is made up of the Domestic and External Debt Stocks of the Federal Government of Nigeria (FGN), the 36 State Governments and the Federal Capital Territory (FCT) grew by ?1.214 trillion between June 2020 and the end of September 2020.
The data showed that 37.82% represents External debts, while the balance of 62.18% is Domestic.
While N20.136 Billion of Promissory Notes were issued in Q3, 2020, as at September 30, 2020, the Promissory Notes Outstanding, which are all included in the Domestic Debt Stock, stood at N971.878 Billion.
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