
The total debt of the Federal
Government, the 36 states of the federation and the Federal Capital
Territory rose from N8.32tn on September 30, 2013 to N10.84tn on
September 30, 2014.
This means that the nation’s total debt stock rose by N2.52tn or 30.29 per cent within one year period.
Statistics obtained from the website of
the Debt Management Office in Abuja on Monday indicated that the N8.32tn
did not include the domestic debt of the states in 2013.
Details of the current debt status of
the country showed that the external debts of both the federal and state
governments stood at $9.52bn or N1.48tn.