A recent review of Nigeria’s debt for the second quarter, released by the National Bureau of Statistics (NBS), reveals that the average debt per Nigerian amounts to N619,501.
Data from the Debt Management Office shows that, as of June 2024, the country’s total public debt reached N134.297 trillion.
With the National Bureau of Statistics putting the country’s population at 216.7 million persons, it would mean that debt per capita stands at N619,501 based on the latest debt figure released by the DMO.
Of the amount owed, States owe N7.1 trillion externally while the federal government owes N55.8 trillion externally.
States owe N4.2 trillion domestically while federal government owes N66.9 trillion.
The new debt figure of the country put at N134 trillion is a N13 trillion increase from the N121 trillion recorded as of March 2024. [CONTINUE READING HERE]>>>
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