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Nigeria’s total public debt as at September 2020 stood at ₦32.223 trillion or $84.574 billion according to statistics released on Thursday by Debt Management Office (DMO).
Total public debt is owed by federal and sub-national governments put together.
A break down of the stock showed that 37.82per cent was external, while the balance of 62.18 per cent was domestic.
The figures showed an increase of ₦1.214 trillion when compared to the total public debt stock of N31.009 trillion as at June 30, 2020.
The corresponding figures for March 31, 2020, were ₦28.628 trillion or USD79.303 billion.
“FGN, state governments and FCT all recorded increases in their debt stock due to borrowings to enable them to respond appropriately to the COVID-19 pandemic and to meet revenue shortfalls.