The figures were released in a statement on its website on Wednesday.
“At ₦24.947 Trillion (US$ 81.274 Billion) as at March 31, 2019, the Total Public Debt grew marginally by 2.30% when compared to the figure of ₦24.387 Trillion (US$ 79.437 Billion) as at December 31, 2018.
“The increase of ₦560.009 Billion in the Total Public Debt in Q1 2019, was accounted for largely by Domestic Debt which grew by ₦458.363 Billion.
“Increases were recorded in the Domestic Debt Stock of the FGN, States and the FCT. External Debt also increased by ₦101.646 Billion during the same period.
“In relation to the Debt Management Strategy, the Ratio of Domestic to External Debt stood at 68.49% to 31.51% at the end of March 2019.
“The Total Public Debt to GDP Ratio was 19.03% which is within the 25% Debt Limit imposed by the Government,” the statement read.
“At ₦24.947 Trillion (US$ 81.274 Billion) as at March 31, 2019, the Total Public Debt grew marginally by 2.30% when compared to the figure of ₦24.387 Trillion (US$ 79.437 Billion) as at December 31, 2018.
“The increase of ₦560.009 Billion in the Total Public Debt in Q1 2019, was accounted for largely by Domestic Debt which grew by ₦458.363 Billion.
“Increases were recorded in the Domestic Debt Stock of the FGN, States and the FCT. External Debt also increased by ₦101.646 Billion during the same period.
“In relation to the Debt Management Strategy, the Ratio of Domestic to External Debt stood at 68.49% to 31.51% at the end of March 2019.
“The Total Public Debt to GDP Ratio was 19.03% which is within the 25% Debt Limit imposed by the Government,” the statement read.
dailypost
Senseless government without direction. Apart from crude oil no other source off income to government. Precious stones and others solid minerals are being mined by individuals in the north west in detriment of the state.
ReplyDeleteNigeria is tiresome!
Delete25trillion! How did we get hereðŸ˜
Una never see anything yet, by the time these greedy politricktians finish Nigeria with debt, even the Sahara go better pass am.
ReplyDelete