Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,195,237 members, 7,957,558 topics. Date: Tuesday, 24 September 2024 at 02:34 PM

Nigeria’s Debt Profile Q4 2019: A Look At The Figures - Nairaland / General - Nairaland

Nairaland Forum / Nairaland / General / Nigeria’s Debt Profile Q4 2019: A Look At The Figures (238 Views)

Govt Updates On The Figures Of Beneficiaries Of Payroll Supports Of Survival Fun / Fuel Subsidy In Nigeria: A Look At The Figures / Look At The Snake Killed By My Friend Today (2) (3) (4)

(1) (Reply)

Nigeria’s Debt Profile Q4 2019: A Look At The Figures by Databod: 9:42am On Apr 03, 2020
As at the end of the fourth quarter of 2019, Nigeria’s public debt portfolio stood at N27.40trn ($84.05bn). This represents an increase of 4.54% when compared to the third quarter of 2019, when the country recorded a total public debt of N26.21trn. These figures are becoming increasingly alarming considering the fact that as at Q1 2013, Nigeria’s public debt stood at only N7.53trn.

The external component of the Q4 2019 debt rose by a whopping 9% within 3 months! The external debt now accounts for 33% of Nigeria’s total debt stock.

Also, the domestic debt stock at N18.37trn ($56.37bn) accounted for 67% of the total nation’s debt. This represents a 2% increase when compared to the N17.94trn of the previous quarter.

Putting the figures in perspective; the country borrowed a total of N37,620 every second in the last 12 months (i.e. Q4 2018 to Q4 2019).

Also, should we decide to distribute Nigeria’s debt profile across the country’s population of 200 million, each citizen currently will owe the sum of N137,007.

It is worth noting that the bulk of the domestic debts originated from the Federal Government, with the FG accounting for 79.59% of the total domestic debts.

Source: Databod

Re: Nigeria’s Debt Profile Q4 2019: A Look At The Figures by coolcharm(m): 9:50am On Apr 03, 2020
Weldone buhari


You are doing well
Re: Nigeria’s Debt Profile Q4 2019: A Look At The Figures by Nobody: 10:06am On Apr 03, 2020
I have one question o, what is our plan to repay this debt that keeps growing everyday?

(1) (Reply)

Open Letter To Ebonyi State Government / Easter: SW Governors Urged To Resist CAN Pressure To Relax Lockdown. / Worst Estate Ever In Lagos

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.