Nigeria’s public debt rose to N87.38trn in Q2 2023 – Report

Nigeria’s public debt stock stood at N87.38 trillion (US$113.42 billion) in the second quarter of 2023, the National Bureau of Statistics has said.

The bureau, in its Nigerian domestic and foreign debt Q2 2023 report released Friday, said Nigeria’s public debt stock which includes external and domestic debt rose to N87.38 trillion (US$113.42 billion) in Q2 2023 from N49.85 trillion (US$ 108.30 billion) in Q1 2023.

This, according to NBS, indicates a growth rate of 75.27 per cent on a quarter-on-quarter basis.