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Nigeria’s total debt now N26.14trn

Nigeria’s total debt is put at N26.14 trillion, according to the data from the National a Bureau of Statistics, NBS.

The debt portfolio, which include Nigerian States and Federal Debt Stock data as at 30th September 2019, showed that the country’s total public debt portfolio stood at N26.14trn.

Further disaggregation of Nigeria’s total public debt showed that N8.27trn or 31.55% of the debt was external while N17.94trn or 68.45% of the debt was domestic, said NBS.

Similarly, total domestic debt was N4.04 trillion with Lagos state accounting for 10.9% of the total domestic debt stock while Yobe State has the least debt stock in this category with a contribution of 0.7% to the total domestic debt stock.

Dele Fashomi
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.He had done many courses in communication, including the EU-BBC Editing Course in 2002.Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 - 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 - 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled:  Olabiyi Durojaiye - DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography - AGAINST ALL ODDS. There are many other books in the works under his pen.
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