Nigeria’s foreign and domestic debts stood at twenty-two-point-zero-eight billion dollars and fifteen-point-six trillion naira, respectively at the end of the second quarter of this year, according to figures released by the National Bureau of Statistics.
Figures from the NBS on Thursday revealed that Lagos State has the highest foreign debt profile among the 36 states and the FCT, accounting for 34.17 per cent, while Edo with 6.57 per cent, Kaduna at 5.48 per cent, Cross River at 4.56 per cent and Bauchi at 3.18 per cent, followed closely.
On the domestic debt stock of the states and the FCT, the NBS data revealed that Lagos owed five hundred and seven billion naira.
The NBS statistics further revealed that the Federal Government’s domestic debt stock totalled twelve-point-one-five trillion naira during the period under review.
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