Sunday, June 22, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

Nigeria Debt Profile Hits N87.91trn

Chris AGABI by Chris AGABI
December 21, 2023
in Finance | Insurance | Pension, Top News
Reading Time: 1 min read
0
Nigeria Debt Profile Hits N87.91trn
Share on FacebookShare on Twitter

Nigeria’s total public debt as of September 30, 2023 climbed to a record N87.91 trillion or $114.35 Billion.

The amount represents the Domestic and External Debts of the Federal Government of Nigeria (FGN), the thirty-six (36) State Governments, and the Federal Capital Territory, a press statement from the Debt Management Office indicated.

Related posts

SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

June 20, 2025
BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt — Bloomberg

BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt — Bloomberg

June 19, 2025

At N87.91 trillion, the total public debt stock represents a marginal increase of 0.61% when compared to the June 30, 2023 figure of N87.38 trillion.

This trend is explained by the decrease in External Debt from $43.16 Billion as of June 30, 2023 to $41.59bBillion as at September 30, 2023 and a relatively moderate increase of N1.80 trillion in Domestic Debt. External Debt decreased due to the redemption of a $500 million Eurobond and the payment of $413.859 million as the first principal repayment of the $3.4 billion loan obtained from the International Monetary Fund in 2020 during Covid-19.

The servicing of these debts in addition to other debts, are clear demonstrations of the FGN’s commitment to honouring its debt obligations. Notwithstanding, Mr President’s initiatives and actions towards revenue generation remain important for Nigeria’s overall fiscal balance.

Previous Post

Why I Launched My Own Production Company – Mo Abudu

Next Post

Keyamo Appoints New Directors in Aviation Agencies

Next Post

Keyamo Appoints New Directors in Aviation Agencies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

The CBN Governor, Dr. Yemi Cardoso interview at the IMF/World Bank annual meetings in DC.

1 year ago
Tackling insecurity ln Nigeria: A Cause of Concern for All

VALLEY OF THE SHADOW OF DEATH.

3 weeks ago

UBA records N85.7bn profit before tax in H1 result

3 years ago

People need cash daily, most commerce informal – Osinbajo

2 years ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • MINISTRY OF ART, CULTURE, AND CREATIVE ECONOMY PRESENTS BUDGET PERFORMANCE REPORT TO NATIONAL ASSEMBLY
  • SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness
  • BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt — Bloomberg

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

MINISTRY OF ART, CULTURE, AND CREATIVE ECONOMY PRESENTS BUDGET PERFORMANCE REPORT TO NATIONAL ASSEMBLY

June 20, 2025
SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

June 20, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion