Nigeria’s public debt stock as of 31 December 2023 was N97.341 trillion (108.229 billion dollars), according to data released by the Debt Management Office (DMO) on Friday in Abuja.
The DMO said that the amount comprised domestic and external debt stocks of the federal government, the 36 state governments and the Federal Capital Territory (FCT).
The debt office said that there was an increase of N9.43 trillion over the comparative figure for 30 September 2023.
It said that the increase was largely due to new domestic borrowing by the federal government to part-finance the deficit in the 2024 budget, and disbursements by multilateral and bilateral lenders.
