The total debt of the Federal Government, the 36 states of
the federation and the Federal Capital Territory rose from
N8.32tn on September 30, 2013 to N10.84tn on September
30, 2014.

This means that the nation’s total debt stock rose by
N2.52tn or 30.29 per cent within one year period.

Statistics obtained from the website of the Debt
Management Office in Abuja on Monday indicated that the
N8.32tn did not include the domestic debt of the states in
2013.

Details of the current debt status of the country showed
that the external debts of both the federal and state
governments stood at $9.52bn or N1.48tn.

As of September 30, the domestic debt stock of the Federal
Government alone stood at $49.12bn or N7.65tn. The
domestic debt of states, on the other hand, stood at
$10.97bn or N1.71tn.

In comparison, the external debt of both the federal and
state governments stood at N1.28tn (or $8.26bn) as of
September 30, 2013. Also, the domestic debt of the
Federal Government a year ago stood at N7.03tn.


http://mynewsbeat..com/2014/11/is-nigeria-going-broke-national-debt.html?m=1#links

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