) on Thursday stated Lagos State recorded N1.05trillion domestic debt in the fourth quarter to emerge the state with the highest public debt portfolio.
The document said: “Lagos state recorded the highest domestic debt in Q4 2023 with N1.05 trillion, followed by Delta with N373.41 billion.”On external debt, NBS noted Lagos has the highest external debt in Q4 2023 with $1.24 billion followed by Kaduna with $587.07 million while Borno recorded the least with $20.49 million, followed by Yobe with $21.49 million.The data said Nigeria’s public debt stock which includes external and domestic debt stood at N97.34 trillion in Q4 2023 from N87.
The bureau revealed that the share of external debt to total public debt was 39.26% in Q4 2023, while the share of domestic debt to total public debt was 60.74%.
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