Nigeria's debt profile rises to $68.74 billion in the first quarter of 2019

Nigeria's debt profile rose by 2.3% to $68.74 billion (N24.947 trillion) as at March 2019, according to the Debt Management Office (DMO) data seen by Business Insider SSA.

Muhammadu Buhari and Yemi Osinbajo

In its Q1 public data report released on Wednesday, the Debt Management Office said the figure represents N560 billion increase in the total public debt from December 2018 figure.

According to the DMO, domestic debt recorded N458.363 billion increase across federal, states and federal capital territory while external debt increased by N101.6 billion during the same period.

Patience Oniha, Director-general, Debt Management Office (DMO), reiterated that the “total public debt to GDP ratio stands at 19.03% which is within the 25% debt limit imposed by the government.

Foreign Debt level

  • FGN + States & FCT only - $25.61 billion

Domestic debt level

  • FG debt level - $42.72 billion
  • State and FCT - $12.94 billion

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Ayisha Modi goes naked on IG as she flaunts her newly ‘acquired’ body (VIDEO)

Ayisha Modi goes naked on IG as she flaunts her newly ‘acquired’ body (VIDEO)

Police officer arrested for sexually harassing woman in a car

Police officer arrested for sexually harassing woman in a car

19-year-old girl stabbed multiple times in Accra after catching her brother & mother having sex

19-year-old girl stabbed multiple times in Accra after catching her brother & mother having sex

Rema's manager, Sean Okeke responds to DJ Neptune's statement, regarding the ongoing 'For You' drama

Rema's manager, Sean Okeke responds to DJ Neptune's statement, regarding the ongoing 'For You' drama

Talent manager Teebillz praises BBNaija's Tacha for not 'opening her legs'

Talent manager Teebillz praises BBNaija's Tacha for not 'opening her legs'

You should not do any of these while visiting the Oba's palace in Benin

You should not do any of these while visiting the Oba's palace in Benin

WCQ: Minimise mistakes to avoid Morocco, Algeria, Senegal, NFF President Amaju Pinnick tells Super Eagles

WCQ: Minimise mistakes to avoid Morocco, Algeria, Senegal, NFF President Amaju Pinnick tells Super Eagles

Iheanacho, Collins underwhelm - Player ratings: Liberia 0-2 Nigeria

Iheanacho, Collins underwhelm - Player ratings: Liberia 0-2 Nigeria

Judicial panel tells government to change Lekki tollgate to EndSARS tollgate

Judicial panel tells government to change "Lekki tollgate" to "EndSARS tollgate"