NBS: Nigeria’s Total Public Debt Increased By ₦2.4 Trillion In Q2 2020 - 9jaflaver



Light Dark

WELCOME TO 9JAFLAVER

PREMIUM BEATS  |  NEWS  |  BBNAIJA  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  MOVIES  |  COMEDY VIDEOS  |  DEAL CHANNEL






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




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.

Source:- Brand Spurng



 Whatsapp  Twitter  Facebook




CLICK HERE TO COMMENT ON THIS POST
Promote Music, Video, Comedy Skit On 9jaflaver
Call: +2348173379226 Or +2348143945195

Whatsapp: +2349027283345







SPONSORED LINKS






Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-


       





MUSIC OF THE WEEK



© 2014-2020 9jaflaver. All Rights Reserved.

About us||Content Remova||Privacy Policy|Contact us

Advertis|Request For Music

9jaflaver is not responsible for the content of external sites.