Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,547,164 members, 5,864,537 topics. Date: Friday, 18 September 2020 at 09:43 PM

NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 (7336 Views)

NBS Says Nigeria's Total Public Debt Stood At N25.70trn In Q2 2019 / NBS: Nigeria Imported 5.32bn Litres Of Petrol In Q4 2018 / NBS: Nigeria Recorded Favourable Trade Balance In Q2 2018 (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by rodeo0070(m): 7:45am On Sep 15
Nigerian States and Federal Debt Stock data as at 30th June 2020 reflected that the country’s total public debt portfolio stood at N31.01trn.
Further disaggregation of Nigeria’s total public debt showed that N11.36trn or 36.65% of the debt was external while N19.65trn or 63.35% of the debt was domestic.

The total States and FCT domestic debt was put at N4.19trillion with Lagos state accounting for 11.77% of the debt stock while Yobe State has the least debt stock in this category with a contribution of 0.70%.

Total public debt stock increased by $6.5 billion (₦2.4 trillion) from Q1 2020 to Q2 2020, due to the increase in multilateral loans and FGN bonds.

External public debt in Q2 2020 increased to $31.5billion (₦11.4 trillion) as a result of loans from the IMF ($3.4 billion) and World Bank ($400 million). Domestic debt stock also increased by $2.8 billion (₦1 trillion) mostly driven by an increase in FGN bonds by ₦700 billion.

https://brandspurng.com/2020/09/15/nigerias-total-public-debt-increased-by-%e2%82%a62-4-trillion-in-q2-2020-nbs/

1 Like

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by Bobotic(m): 8:00am On Sep 15
Abroad Business Politicians cool

Public Money na their strength & pocket money!!!

14 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by Timekeeper: 8:00am On Sep 15
God save us... Debt debt debt all time



Attention pls: I need a trusted escrow agent here on nairaland.... Who knows anyone here that is involve I escrow service... Pls it must be a trusted person here on nairaland.... A trusted and tested person...

Pls help me guys.. Trusted Escrow needed

8 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by Mainman4: 8:00am On Sep 15
APC.... Next level, We never see anything, We die here together

16 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by pautex: 8:00am On Sep 15
NEXT LEVEL...............................................

WE WILL MAKE 1 NAIRA EQUALS 1 DOLLAR
WE WILL BRING THE PRICE OF PETROLEUM PRODUCTS TO 28 NAIRA PER LITRE
WE WILL MAKE THE WORLD ENVIOUS OF NIGERIA
WE WILL CREATE A BILLION JOBS FOR OUR UNEMPLOYED YOUTHS
WE WILL DEFEAT BOKO HARAM IN 2 DAYS OF RESUMPTION OF OFFICE
WE WILL FREE ALL CHIBOK GIRLS UNDER BOKO HARAM CAPTIVITY
WE WILL THIS...............
WE WILL THAT.............
WE WILL.............
HMMMM

cry cry

43 Likes 1 Share

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by Racoon(m): 8:01am On Sep 15
cheesy Future Nigeria generations will pay debts till they tire.
"Nigeria cant stop borrowing" -Finance minister.

9 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by cjudy(m): 8:01am On Sep 15
Make them still borrow me small from inside na. Shey all of us na public too.

FG abeg, borrow me small inside make I take package

27 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by Tobloc(m): 8:01am On Sep 15
It is well.
Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by sotall(m): 8:01am On Sep 15
APC.....change

5 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by EddieCAD(m): 8:01am On Sep 15
Sai Baba cry

5 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by Atheistan: 8:01am On Sep 15
Nawaoo

3 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by BigBelleControl(m): 8:01am On Sep 15
There's nothing bad in borrowing, developed countries too have debts they owe. What is most important is what we have done or doing with what we have borrowed.
Government at all levels have not really shown the justification for what they borrow.

9 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by easyfem(m): 8:01am On Sep 15
buari almost finish the country

7 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by Neimar: 8:01am On Sep 15
MMS
Mugu Money Spender
grin grin

1 Like

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by PureGoldh(m): 8:01am On Sep 15
Things just dey get out of hand on a daily

4 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by ZombieTERROR: 8:02am On Sep 15
Thunder fire all supporters of this evil administration..

God punish Buhari the thief

Yusuf Buhari must payback all that his father stole and looted...

May God things depart from the households of those that brought this calamity

9 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by simhosting: 8:02am On Sep 15
grin
Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by DirtyGold: 8:02am On Sep 15
This ridiculousness is getting more ridiculous by the day lipsrsealed

Well, the country should collect a 2 trillion naira loan for me... I'll pay back later wink cool

But seriously, I think next year should see no new capital project. All income and revenue should be used to fix this borrowing problem and save for the coming year.

What's tha business?
Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by zoer: 8:02am On Sep 15
See how peoples children futures are loaned out......Why prophet Elijah no dey Nigeria to call down fire on APC Gang....

1 Like

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by ecolime(m): 8:02am On Sep 15
My major life problems are:

1. I am a Nigerian

2. I live in Nigeria

3. Buhari is my President.

This triple tragedy is too much to bear. God answer my call biko

17 Likes 4 Shares

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by DropsMic(m): 8:03am On Sep 15
...



The black man was not created to run his own country — Anonymous observer




.

1 Like

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by landforeast: 8:03am On Sep 15
Bad omen

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by lekki1444: 8:03am On Sep 15
shocked AWON ONIGBESE

1 Like

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by BrightAmos33: 8:04am On Sep 15
Must we always be a debtor? Folks of thieves.
Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by Osagyefo98: 8:04am On Sep 15
And we have a professor Osinbajo as vice president.

If he couldn't manage with his Professorial skills, what then can he said to have achieved under this administration.

So many corruption charges hovering around him while he is busy intimidating and harassing the press with machineries of state..

From alpha beta scam to firs looted 94bn to Magu Mobile app transfer of 4bn. All has not been refuted but always using securities to harass the press.

In a sane society, Professor Osinbajo should have taken cue and understanding from what Japanese prime minister Shinzo Abe did, by immediately stepping aside (resigning) so as to allow the graft agencies independently investigate the allegations against him without any sort of bias or Influence.

1 Like 1 Share

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by DirtyGold: 8:04am On Sep 15
Timekeeper:
God save us... Debt debt debt all time



Attention pls: I need a trusted escrow agent here on nairaland.... Who knows anyone here that is involve I escrow service... Pls it must be a trusted person here on nairaland.... A trusted and tested person...

Pls help me guys.. Trusted Escrow needed
What's the commission?
Timekeeper:


I Wana send phone to sumone.... The person Is far from me
Tricky situation. So what happens if the person sends payment to your escrow person and then receives the phone... isn't satisfied and wants to return it? Who bears the cost of the return?

What's tha business?
Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by livinbygrace: 8:05am On Sep 15
APC has brought more hardship and poverty into the country since their inception in 2015 till date.Tagging all our struggling youths from humbling backgrounds,a fraudsters,armed robbers,corrupt by sending all of them to prisons(Most especially from the South).Its now difficult to put on good cloth or look good on the street because fear of unknown and harassment from their various biased and already comprised security agencies.
PDP should have capitalized on this evil and satanic agenda/trends to campaign against this useless and wicked administration.
No sane and sensible youth should vote for this evil party.

6 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by cristen(m): 8:06am On Sep 15
The thing is who ever they borrowed the money from, should just buy this Country and give us the balance to move out

2 Likes

Re: NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 by Rgade: 8:06am On Sep 15
You know the funny thing about all these debts buhari is incurring for Nigeria; he's not planning to pay back anyone.
After he leaves in 3 years, successive administrations will have to pay back with whatever is left and whatever buhari is able to achieve with his loans.
Of course the hungry Nigerians will be the ones squeezing out the funds for repayment.

1 Like

(1) (2) (3) (Reply)

Nairaland Is Nigeria's Village Square / Obasanjo’s Eight Years Worse Than Abacha’s – Ribadu / Jonathan Was Right On Libya - Soyinka

(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 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 87
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.