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Public debt stock hits N19.63trn

dmo

By Ayobami Adedinni

The Debt Stock data released by the Debt Management Office revealed that the Total Public Debt Stock (external and domestic debt stock of the FGN and Sub-nationals) as at end of June 2017 was N19.63 trillion (about $64.19 billion at $1/NGN 305.90), made up of External Debt Stock of N4.60 trillion (about $15.05 billion) and Domestic Debt Stock of N15.03 trillion (about $49.15 billion).

The Domestic Debt Stock of the FGN and Sub-nationals accounted for 76.56 per cent of the Total Public Debt Stock, while their External Debt Stock accounted for 23.44 per cent.

 Furthermore, the Total Public Debt Stock increased by 2.50 per cent from N19.16 trillion (about $62.54 billion) to N19.64 trillion (about $64.19 billion), during the period under review.

The Total External Public Debt Stock of the Federal Government and Sub-nationals increased by 8.98 per cent from $13.81 billion in March 2017 to $15.05 billion in June 2017, while the Domestic Debt Stock of the Federal Government and the Sub-nationals increased by 0.669 per cent from N14.93 trillion in March 2017 to N15.03 trillion in June 2017.

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