BREAKING: Nigeria’s Public Debt Hit N38tn By Q3 2021– DMO

The Debt Management Office has revealed that Nigeria’s Public Debt was N38.005tn by third quarter of 2021.

This was revealed in a press statement titled ‘DMO publishes total public debt for Q3 2021’ published on the DMO’s website on Tuesday.

Part of the statement reads, “In line with its practice, the Debt Management Office has published Nigeria’s Total Public Debt as at September 30, 2021. The Data which includes the Total External and Domestic Debts of the Federal Government of Nigeria, thirty-six State Governments and the Federal Capital Territory, shows that Nigeria’s Public Debt was N38.005tn or $92.626bn at the end of Q3 2021.

The total debt stock rose by N2.540tn in three months from June 30 to September 30, 2021.

“The increase of N2.540tn when compared to the corresponding figure of N35.465 trillion at the end of Q2 2021 was largely accounted for by the $4bn Eurobonds issued by the Government in September 2021.”