Nigeria Owed $11 Billion Foreign Debt in 2016-NBS


In a recent statement, the National Bureau of Statistics (NBS) has announced that Nigeria's foreign debt stood at $11.41 billion, while its domestic debt was N14.02 trillion respectively in the year 2016.

NBS stated in "Nigerian Domestic and Foreign debt-2016" data, posted in its official website on Wednesday that the sum reflected the states and Federal debt stock.

 The report showed that 7.99 billion dollars of debt was multilateral; $198.25 million dollars was bilateral (AFD) while 3.22 billion dollars from Exim bank of China credited to the Federal Government.
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