\n
Nigeria\u2019s total public debt stock, including external and domestic borrowing, rose marginally by 0.61 per cent quarter-on-quarter to N87.91 trillion in the third quarter of 2023.<\/p>\n
The Debt Management Office, DMO, disclosed this in a statement on Wednesday, saying: \u201cAt N87.91 trillion, the total public debt stock represents a marginal increase of 0.61 per cent compared to the June 30, 2023 figure of N87.38 trillion. This trend is explained by the decrease in external debt from $43.16 billion as of June 30, 2023, to $41.59 billion as of September 30, 2023, and a relatively moderate increase of N1.8 trillion in domestic debt.<\/p>\n
\u201cExternal debt decreased due to the redemption of a $500 million Eurobond and the payment of $413.859 million as the first principal payment of the $3.4 billion loan obtained from the International Monetary Fund in 2020 during COVID-19.\u201d<\/p>\n
DMO noted that servicing these debts denotes a clear demonstration of the Federal Government\u2019s commitment to honour its debt obligations.<\/p>\n
DAILY POST recalls that Nigeria\u2019s total debt stock rose by 75 per cent in Q2 to N87.38 trillion in Q2 2023.<\/p>\n
Nigeria\u2019s debt stock rises by 0.61%, hits N87.91trn<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Nigeria\u2019s total public debt stock, including external and domestic borrowing, rose marginally by 0.61 per cent quarter-on-quarter to N87.91 trillion…<\/p>\n","protected":false},"author":1,"featured_media":7947,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,1378,15,901],"tags":[519,1385,180,18],"class_list":["post-7946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-dmo","category-news","category-nigeria","tag-business","tag-dmo","tag-news","tag-nigeria"],"yoast_head":"\n
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