Federal finance and statistics / National Bureau of Statistics

Nigeria Domestic and Foreign Debt Q4 2023

Key Highlights Nigeria's public debt stock which includes external and domestic debt stood at N97.34 trillion (US$108.23 billion) in Q4 2023 from N87.91 trillion (US$ 114.35 billion) in Q3 2023, indicating a growth rate of 10.73% on a quarter-on-quarter basis. Total external debt stood at N38.22 trillion (US$42.50 billion) in Q4 2023, while total domestic debt was N59.12 trillion (US$65.73 billion). The share of external debt (in naira value) to total public debt was 39.26% in Q4 2023, while the share of domestic debt (in naira value) to total public debt was 60.74%. Lagos state recorded the h…