{"id":7946,"date":"2023-12-20T18:02:50","date_gmt":"2023-12-20T18:02:50","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/nigerias-debt-stock-rises-by-0-61-hits-n87-91trn\/"},"modified":"2023-12-20T18:02:50","modified_gmt":"2023-12-20T18:02:50","slug":"nigerias-debt-stock-rises-by-0-61-hits-n87-91trn","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/nigerias-debt-stock-rises-by-0-61-hits-n87-91trn\/","title":{"rendered":"Nigeria\u2019s debt stock rises by 0.61%, hits N87.91trn"},"content":{"rendered":"<div>\n<p>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<p>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<p>\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<p>DMO noted that servicing these debts denotes a clear demonstration of the Federal Government\u2019s commitment to honour its debt obligations.<\/p>\n<p>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<p>Nigeria\u2019s debt stock rises by 0.61%, hits N87.91trn<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/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"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/7946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=7946"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/7946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/7947"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=7946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=7946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=7946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}