Federal finance and statistics / National Bureau of Statistics

Nigeria Domestic and Foreign Debt Q2 2024

Executive Summary Nigeria's public debt stock which includes external and domestic debt stood at N134.30 trillion (US$91.35 billion) in Q2 2024 from N121.67 trillion (US$91.46 billion) in Q1 2024, indicating a growth rate of 10.38% on a quarter-on-quarter basis. Total external debt stood at N63.07 trillion (US$42.90 billion) in Q2 2024, while total domestic debt was N71.22 trillion (US$48.45 billion). The share of external debt (in naira value) to total public debt was 46.96% in Q2 2024, while the share of domestic debt (in naira value) to total public debt was 53.04%. Lagos state recorded the…