{"id":12854,"date":"2017-05-04T15:28:25","date_gmt":"2017-05-04T14:28:25","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=12854"},"modified":"2017-05-04T15:28:25","modified_gmt":"2017-05-04T14:28:25","slug":"nigerias-foreign-debt-stands-at-11bn-nbs","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/","title":{"rendered":"Nigeria\u2019s foreign debt stands at $11bn \u2013 NBS"},"content":{"rendered":"

The National Bureau of Statistics (NBS) said Nigeria\u2019s foreign debt stood at $11.41 billion while the domestic debts was N14.02 trillion in 2016.<\/p>\n

The NBS stated in \u201cNigerian Domestic and Foreign Debt \u2013 2016\u2019\u2019 data posted on its website on Wednesday in Abuja, that the sum reflected states\u2019 and federal debt stock.<\/p>\n

The report showed that $7.99 billion of the debt was multilateral debt while $198.25 million was bilateral (AFD) with $3.22 billion from the Exim Bank of China credited to the Federal Government.<\/p>\n

\u201cFederal Government debt accounted for 68.72 per cent of Nigeria\u2019s total foreign debt while all states and the Federal Capital Territory (FCT) accounted for the remaining 31.28 per cent.<\/p>\n

\u201cSimilarly, total Federal Government debt accounted for 78.89 per cent of Nigeria\u2019s total domestic debt while all states and the Federal Capital Territory (FCT) accounted for the 21.11 per cent balance.\u2019\u2019<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

The report further gave a breakdown of the Federal Government domestic debt stock by instruments reflected that N7.56 trillion or 68.41 per cent of the debt were in Federal Government Bonds, with about \u201cN3.28 trillion or 29.64 per cent in treasury bills and N215.99 million or 1.95 per cent in treasury bonds.<\/p>\n

\u201cLagos State has the highest foreign debt profile among the 36 states and the FCT accounting for 38.70 per cent. Other debtor states include Kaduna (6.25 per cent), Edo (5.15 per cent), Cross River (3.22 per cent and Ogun (2.90 per cent) followed closely.\u2019\u2019<\/p>\n

Similarly, the report stated that Lagos State had the highest domestic debt profile among the 36 states and the FCT accounting for 10.54 per cent.
\n\u201cDelta (8.15 per cent), Akwa Ibom (5.25 per cent), FCT (5.16 per cent) and Osun (4.97 per cent) followed in that order,\u2019\u2019 the report stated.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bureau of Statistics (NBS) said Nigeria\u2019s foreign debt stood at $11.41 billion while the domestic debts was N14.02 trillion in 2016. The NBS stated in \u201cNigerian Domestic and Foreign Debt \u2013 2016\u2019\u2019 data posted on its website on Wednesday in Abuja, that the sum reflected states\u2019 and federal debt stock. The report showed …<\/p>\n","protected":false},"author":11,"featured_media":10881,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[748],"coauthors":[2392,2393],"class_list":["post-12854","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-nbs"],"yoast_head":"\nNigeria\u2019s foreign debt stands at $11bn \u2013 NBS - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s foreign debt stands at $11bn \u2013 NBS - National Wire\" \/>\n<meta property=\"og:description\" content=\"The National Bureau of Statistics (NBS) said Nigeria\u2019s foreign debt stood at $11.41 billion while the domestic debts was N14.02 trillion in 2016. The NBS stated in \u201cNigerian Domestic and Foreign Debt \u2013 2016\u2019\u2019 data posted on its website on Wednesday in Abuja, that the sum reflected states\u2019 and federal debt stock. The report showed …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-04T14:28:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/02\/NBS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dayo Emmanuel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/02\/NBS.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/02\/NBS.jpg\",\"width\":650,\"height\":350},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/\",\"name\":\"Nigeria\u2019s foreign debt stands at $11bn \u2013 NBS - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#primaryimage\"},\"datePublished\":\"2017-05-04T14:28:25+00:00\",\"dateModified\":\"2017-05-04T14:28:25+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigeria\u2019s foreign debt stands at $11bn \u2013 NBS\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\",\"name\":\"Dayo Emmanuel\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nigeria\u2019s foreign debt stands at $11bn \u2013 NBS - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/","og_locale":"en_US","og_type":"article","og_title":"Nigeria\u2019s foreign debt stands at $11bn \u2013 NBS - National Wire","og_description":"The National Bureau of Statistics (NBS) said Nigeria\u2019s foreign debt stood at $11.41 billion while the domestic debts was N14.02 trillion in 2016. The NBS stated in \u201cNigerian Domestic and Foreign Debt \u2013 2016\u2019\u2019 data posted on its website on Wednesday in Abuja, that the sum reflected states\u2019 and federal debt stock. The report showed …","og_url":"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/","og_site_name":"National Wire","article_published_time":"2017-05-04T14:28:25+00:00","og_image":[{"width":650,"height":350,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/02\/NBS.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Dayo Emmanuel","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/02\/NBS.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/02\/NBS.jpg","width":650,"height":350},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/","name":"Nigeria\u2019s foreign debt stands at $11bn \u2013 NBS - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#primaryimage"},"datePublished":"2017-05-04T14:28:25+00:00","dateModified":"2017-05-04T14:28:25+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f"},"breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/nigerias-foreign-debt-stands-at-11bn-nbs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"Nigeria\u2019s foreign debt stands at $11bn \u2013 NBS"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f","name":"Dayo Emmanuel","url":"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/12854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=12854"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/12854\/revisions"}],"predecessor-version":[{"id":12855,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/12854\/revisions\/12855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/10881"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=12854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=12854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=12854"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=12854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}