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Nigerian Domestic and Foreign Debt Report - Q4 and Full Year 2017

IM Insights
By IM Insights
6 years ago
Nigerian Domestic and Foreign Debt Report - Q4 and Full Year 2017

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  1. Nigerian Domestic and Foreign Debt (Q4 & Full Year 2017) Report Date: March 2018
  2. Contents Executive Summary 1 Nigerian Domestic and Foreign Debt -2017 Abia Total State 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Methodology 46 Appendix 47 Acknowledgements /Contacts 50 Adamawa Akwa Ibom Anambra Bauchi Bayelsa Benue Borno Cross River Delta Ebonyi Edo Ekiti Enugu Gombe Imo Jigawa Kaduna Kano Katsina Kebbi Kogi Kwara Lagos Nassarawa Niger Ogun Ondo Osun Oyo Plateau Rivers Sokoto Taraba Yobe Zamfara FCT
  3. Executive Summary Nigerian States and Federal Debt Stock data as at 31st December 2017 reflected that the country 's foreign and domestic debts stood at $18.9bn and N3.35trn respectively. Further disaggregation of Nigeria's foreign debt showed that $10.24bn of the debt was multilateral; $274.98m was bilateral (AFD) and $2.09bn from the Exim Bank of China credited to the Federal Government of Nigeria (FGN) while $6.30bn was commercial. Total FGN debt accounted for 78.23% of Nigeria's total foreign debt while all States and the Federal Capital Territory (FCT) accounted for the remaining 21.77%. Lagos State has the highest foreign debt profile among the thirty-six states and the FCT accounting for 35.61% while Kaduna (5.79%), Edo (5.64%), Cross River (4.08%) and Enugu (3.23%) followed closely. Similarly, total state domestic debt was N3.35 trillion with Lagos state accounting for 10.85 % of the total domestic debt stock while Sokoto has the least debt in this category with a contribution 0.78% to the total domestic debt stock. 1 Nigerian Domestic and Foreign Debt - 2017
  4. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 ABIA STATE Land Area :2,440 sq mi Population: 3,616,382 Total FAAC Allocation 2017 IGR as at Full Year 2017 N38,876,702,908.70 N14,917,141,805.80 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $101,486,014 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $101,486,014 0.54% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.81% N60,648,431,912.05 2 Nigerian Domestic and Foreign Debt - 2017
  5. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 ADAMAWA STATE Land Area : 14, 254 sq mi Population: 4,111,706 Total FAAC Allocation 2017 IGR as at Full Year 2017 N37,436,462,193.81 N6,201,369,567.23 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $88,074,331.40 $6,500,000.00 ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $94,574,331.40 0.50% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 2.08% N69,609,083,183.53 3 Nigerian Domestic and Foreign Debt - 2017
  6. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 AKWA IBOM STATE Land Area : 2,734 sq mi Population: 5,272,029 Total FAAC Allocation 2017 IGR as at Full Year 2017 N143,614,945,782.83 N15,956,354,035.30 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL ----- ----- ----- $50,523,477 SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $50,523,477 0.27% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 5.59% N187,277,308,914.29 4 Nigerian Domestic and Foreign Debt - 2017
  7. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 ANAMBRA STATE Land Area : 1,870 sq mi Population: 5,356,592 Total FAAC Allocation 2017 IGR as at Full Year 2017 N41,338,238,321.08 N17,365,385,830.51 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $85,924,045 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $85,924,045 0.45% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 0.08% N2,612,431,503.89 5 Nigerian Domestic and Foreign Debt - 2017
  8. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 BAUCHI STATE Land Area : 18, 965 sq mi Population: 6,286,719 IGR as at Full Year 2017 Total FAAC Allocation 2017 N39,515,179,181.38 N4,369,411,450.27 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $109,828,381 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $109,828,381 0.58% 3% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 2.21% N74,020,717,883.30 6 Nigerian Domestic and Foreign Debt - 2017
  9. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 BAYELSA STATE Land Area : 8,150 sq mi Population: 2,204,648 Total FAAC Allocation 2017 IGR as at Full Year 2017 N105,258,243,351.38 N12,523,812,450.59 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $47,769,180 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $47,769,180 0.25% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 3.87% N129,469,645,258.94 7 Nigerian Domestic and Foreign Debt - 2017
  10. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 BENUE STATE Land Area : 13,150 sq m Population: 5,553,037 Total FAAC Allocation 2017 IGR as at Full Year 2017 N39,801,371,551.26 N12,399,414,557.79 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $35,503,110 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $35,503,110 0.19% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 2.24% N74,937,383,496.72 8 Nigerian Domestic and Foreign Debt - 2017
  11. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 BORNO STATE Land Area : 22, 316 sq mi Population: 5,635,544 Total FAAC Allocation 2017 IGR as at Full Year 2017 N46,535,736,179.12 N4,983,331,049.24 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $22,594,569.70 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $22,594,569.70 0.12% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.61% N54,042,067,995.82 9 Nigerian Domestic and Foreign Debt - 2017
  12. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 CROSS RIVER STATE Land Area : 7,782 sq mi Population: 3,741,838 Total FAAC Allocation 2017 IGR as at Full Year 2017 N23,451,782,733.00 N18,104,562,225.62 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $124,022,477 $43,900,000.00 ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $167,922,477 0.89% 4% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 3.75% N125,648,705,542.50 10 Nigerian Domestic and Foreign Debt - 2017
  13. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 DELTA STATE Land Area : 6,833 sq mi Population: 5,460,311 Total FAAC Allocation 2017 IGR as at Full Year 2017 N111,203,709,891.98 N51,888,005,338.33 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $58,391,491 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $58,391,491 0.31% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 6.82% N228,328,360,009.20 11 Nigerian Domestic and Foreign Debt - 2017
  14. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 EBONYI STATE Land Area : 2,136 sq mi Population: 2,791,167 Total FAAC Allocation 2017 IGR as at Full Year 2017 N35,490,890,739.38 N5,102,902,366.82 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $63,373,675 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $63,373,675 0.34% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.03% N34,613,143,814.14 12 Nigerian Domestic and Foreign Debt - 2017
  15. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 EDO STATE Land Area : 6,873 sq mi Population: 4,109,499 Total FAAC Allocation 2017 IGR as at Full Year 2017 N36,844,999,470.24 N25,342,829,212.22 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL ----- ----- ----- $232,204,508 SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $232,204,508 1.23% 6% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 2.05% N68,514,312,630.61 13 Nigerian Domestic and Foreign Debt - 2017
  16. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 EKITI STATE Land Area : 2,453 sq mi Population: 3,157,552 Total FAAC Allocation 2017 IGR as at Full Year 2017 N25,633,665,721.07 N4,967,499,815.79 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $78,053,560 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $78,053,560 0.41% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 3.51% N117,495,679,340.86 14 Nigerian Domestic and Foreign Debt - 2017
  17. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 ENUGU STATE Land Area : 2,765 sq mi Population: 4,263,786 Total FAAC Allocation 2017 IGR as at Full Year 2017 N37,833,557,959.83 N22,039,222,902.86 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $126,609,101 $6,500,000.00 ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $133,109,101 0.70% 3% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.78% N59,746,077,051.15 15 Nigerian Domestic and Foreign Debt - 2017
  18. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 GOMBE STATE Land Area : 7, 246 sq mi Population: 3,140,189 Total FAAC Allocation 2017 IGR as at Full Year 2017 N31,232,979,502.22 N5,272,273,408.28 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL ----- ----- ----- $39,194,159 SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $39,194,159 0.21% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.25% N41,939,190,055.53 16 Nigerian Domestic and Foreign Debt - 2017
  19. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 IMO STATE Land Area : 2,140 sq mi Population: 5,214,833 Total FAAC Allocation 2017 IGR as at Full Year 2017 N38,116,470,854.23 N6,850,796,866.07 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL ----- ----- ----- $62,848,235 SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $62,848,235 0.33% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 2.41% N80,785,160,471.66 17 Nigerian Domestic and Foreign Debt - 2017
  20. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 JIGAWA STATE Land Area : 8,940 sq mi Population: 5,640,592 Total FAAC Allocation 2017 IGR as at Full Year 2017 N45,264,749,165.00 N6,650,200,980.11 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $33,497,712.80 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $33,497,712.80 0.18% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 0.99% N33,269,858,797.75 18 Nigerian Domestic and Foreign Debt - 2017
  21. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 KADUNA STATE Land Area : 17,781 sq mi Population: 7,976,735 Total FAAC Allocation 2017 IGR as at Full Year 2017 N50,807,097,529.87 N26,530,562,880.89 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL ----- ----- ----- $238,279,090 SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $238,279,090 1.26% 6% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 2.50% N83,825,686,332.40 19 Nigerian Domestic and Foreign Debt - 2017
  22. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 KANO STATE Land Area : 7,773 sq mi Population: 12,591,871 Total FAAC Allocation 2017 IGR as at Full Year 2017 N65,140,059,241.98 N42,418,811,470.64 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL ----- ----- ----- $66,534,694 SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $66,534,694 0.35% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 2.75% N92,257,051,132.42 20 Nigerian Domestic and Foreign Debt - 2017
  23. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 KATSINA STATE Land Area : 9,341 sq mi Population: 7,569,751 Total FAAC Allocation 2017 IGR as at Full Year 2017 N46,339,868,732.24 N6,029,850,857.76 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $67,864,608 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $67,864,608 0.36% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 0.93% N31,116,244,034.12 21 Nigerian Domestic and Foreign Debt - 2017
  24. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 KEBBI STATE Land Area : 14,200 sq mi Population: 4,286,319 IGR as at Full Year 2017 Total FAAC Allocation 2017 N40,076,938,773.08 N4,393,773,965.39 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $47,820,060 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $47,820,060 0.25% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.46% N48,729,499,853.64 22 Nigerian Domestic and Foreign Debt - 2017
  25. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 KOGI STATE Land Area : 11,519 sq mi Population: 4,324,074 Total FAAC Allocation 2017 IGR as at Full Year 2017 N39,646,840,921.91 N11,244,260,974.75 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $33,030,039 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $33,030,039 0.17% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 3.06% N102,359,193,069.66 23 Nigerian Domestic and Foreign Debt - 2017
  26. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 KWARA STATE Land Area : 14, 218 sq mi Population: 3,086,249 Total FAAC Allocation 2017 IGR as at Full Year 2017 N33,107,193,728.78 N19,637,873,512.22 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $50,726,593 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $50,726,593 0.27% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.20% N40,264,714,626.56 24 Nigerian Domestic and Foreign Debt - 2017
  27. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 LAGOS STATE Land Area : 1,381 sq mi Population: 12,100,616 Total FAAC Allocation 2017 IGR as at Full Year 2017 N89,694,754,919.47 N333,967,978,880.44 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $1,322,334,554 $143,830,000.00 ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $1,466,164,554 7.75% 36% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 10.85% N363,292,140,059.09 25 Nigerian Domestic and Foreign Debt - 2017
  28. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 NASARAWA STATE Land Area : 10, 470 sq mi Population: 2,439,113 IGR as at Full Year 2017 Total FAAC Allocation 2017 N35,197,763,035.01 N6,174,136,952.59 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $62,878,628 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $62,878,628 0.33% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 2.13% N71,359,977,984.75 26 Nigerian Domestic and Foreign Debt - 2017
  29. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 NIGER STATE Land Area : 10, 470 sq mi Population: 5,343,260 IGR as at Full Year 2017 Total FAAC Allocation 2017 N42,473,678,019.42 N6,517,939,033.07 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $50,322,602 $6,500,000.00 ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $56,822,602 0.30% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.20% N40,031,508,233.85 27 Nigerian Domestic and Foreign Debt - 2017
  30. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 OGUN STATE Land Area : 6,556.23 sq mi Population: 5,024,191 Total FAAC Allocation 2017 IGR as at Full Year 2017 N26,185,030,796.12 N74,835,979,000.51 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $102,449,174.80 $5,000,000.00 ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $107,449,174.80 0.57% 3% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 3.18% N106,530,499,037.83 28 Nigerian Domestic and Foreign Debt - 2017
  31. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 ONDO STATE Land Area : 6,000 sq mi Population: 4,515,660 Total FAAC Allocation 2017 IGR as at Full Year 2017 N45,897,247,825.41 N10,927,871,479.76 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $50,251,762 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $50,251,762 0.27% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.75% N58,550,792,418.38 29 Nigerian Domestic and Foreign Debt - 2017
  32. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 OSUN STATE Land Area : 3,572 sq mi Population: 4,536,877 Total FAAC Allocation 2017 IGR as at Full Year 2017 N10,436,789,071.79 N6,486,524,226.45 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $84,361,397 $12,245,989.00 ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $96,607,386 0.51% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 4.13% N138,239,593,287.18 30 Nigerian Domestic and Foreign Debt - 2017
  33. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 OYO STATE Land Area : 10,986 sq mi Population: 7,540,300 Total FAAC Allocation 2017 IGR as at Full Year 2017 N44,473,339,482.90 N22,448,338,824.61 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $93,218,640 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $93,218,640 0.49% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 3.86% N129,213,604,205.51 31 Nigerian Domestic and Foreign Debt - 2017
  34. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 PLATEAU STATE Land Area : 11, 936 sq mi Population: 4,075,392 Total FAAC Allocation 2017 IGR as at Full Year 2017 N29,620,161,161.72 N10,788,283,409.45 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $30,071,777 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $30,071,777 0.16% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 3.65% N122,349,286,591.51 32 Nigerian Domestic and Foreign Debt - 2017
  35. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 RIVERS STATE Land Area : 4,277 sq mi Population: 7,023,942 Total FAAC Allocation 2017 IGR as at Full Year 2017 N119,632,192,162.38 N89,484,983,409.10 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $66,766,028.40 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $66,766,028.40 0.35% 2% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 5.71% N191,156,694,184.66 33 Nigerian Domestic and Foreign Debt - 2017
  36. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 SOKOTO STATE Land Area : 10,028 sq mi Population: 4,831,152 Total FAAC Allocation 2017 IGR as at Full Year 2017 N41,243,655,071.76 N9,018,844,307.29 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $41,161,222.60 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $41,161,222.60 0.22% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 0.78% N26,028,103,448.98 34 Nigerian Domestic and Foreign Debt - 2017
  37. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 TARABA STATE Land Area : 21, 032 sq mi Population: 2,968,132 Total FAAC Allocation 2017 IGR as at Full Year 2017 N33,922,215,995.69 N5,764,251,233.85 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $26,563,235 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $26,563,235 0.14% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 1.82% N60,851,260,638.76 35 Nigerian Domestic and Foreign Debt - 2017
  38. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 YOBE STATE Land Area : 17, 568 sq mi Population: 3,163,747 Total FAAC Allocation 2017 IGR as at Full Year 2017 N39,493,537,224.68 N3,598,131,936.59 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $29,564,923 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $29,564,923 0.16% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 0.79% N26,467,942,394.82 36 Nigerian Domestic and Foreign Debt - 2017
  39. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 ZAMFARA STATE Land Area : 15,352 sq mi Population: 4,353,533 Total FAAC Allocation 2017 IGR as at Full Year 2017 N28,452,828,222.31 N6,023,994,930.94 External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $34,833,759 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $34,833,759 0.18% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 2.09% N69,923,231,483.13 37 Nigerian Domestic and Foreign Debt - 2017
  40. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 FCT Land Area : 15,352 sq mi Population: 4,353,533 Total FAAC Allocation 2017 IGR as at Full Year 2017 Nil Nil External Debt Stock MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $33,722,465 ----- ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $33,722,465 0.18% 1% Domestic Debt Stock DEBT STOCK (N) SHARE IN STATE TOTAL 3.08% N103,269,681,000.17 38 Nigerian Domestic and Foreign Debt - 2017
  41. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 TOTAL STATE Total FAAC Allocation 2017 IGR as at Full Year 2017 N1 ,739,290,877,423.01 N931,226,905,149.13 External Debt Stock (Sub-Total State & FCT) MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $3,892,653,278 $224,475,989.00 ----- ----- SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $4,117,129,267 21.77% 100% Domestic Debt Stock (Sub-Total State & FCT) TOTAL STOCK SHARE IN STATE TOTAL 100.00% N3,348,774,261,879.36 States and the FCT Domestic Debt is the actual Amount Outstanding against 32 States & the FCT as at end-December, 2017. 3 States (Akwa-Ibom, Katsina and Lagos State) were as at September, 2017. Borno State was as at June, 2017. 39 Nigerian Domestic and Foreign Debt - 2017
  42. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 FGN External Debt Stock (FGN) MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $6,348,782,322 $50,500,001.00 $2,097,022,380.00 $6,300,000,000.00 SHARE IN NATIONAL TOTAL 78.23% Total ($) SHARE IN STATE TOTAL $14,796,304,703 ---- Domestic Debt Stock (FGN) DEBT STOCK (N) SHARE IN NATIONAL TOTAL 78.99% N12,589,486,125,592.10 40 Nigerian Domestic and Foreign Debt - 2017
  43. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 NATIONAL TOTAL External Debt Stock (Grand Total) MULTILATERAL ($) BILATERAL (AFD) ($) Bilateral (CHINA EXIM BANK, JICA, INDIA, KFW ($) COMMERCIAL $10,241,435,600.00 $274,975,990.00 $2,097,022,380.00 $6,300,000,000.00 SHARE IN NATIONAL TOTAL SHARE IN STATE TOTAL Total ($) $18,913,433,970.00 100% ---- Domestic Debt Stock (Grand Total) DEBT STOCK (N) SHARE IN NATIONAL TOTAL 100.00% N15,938,260,387,471.50 41 Nigerian Domestic and Foreign Debt - 2017
  44. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 FEDERAL GOVERNMENT DOMESTIC DEBT STOCK BY INSTRUMENT AS AT DECEMBER 31 , 2017 FGN BONDS N8,715,811,654,592.00 69.23% GREEN BOND N10,690,000,000.00 N3,579,799,138,000.00 0.08% 28.43% NIGERIAN TREASURY BILLS TOTAL N12,589,486,125,592.00 100.00% NIGERIAN TREASURY BONDS FGN SUKUK N100,000,000,000.00 N175,988,000,000.00 0.79% 1.40% N7,197,333,000.00 0.06% FGN SAVINGS BOND 42 Nigerian Domestic and Foreign Debt - 2017
  45. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 STATE RANKING BY HIGHEST EXTERNAL DEBT STOCK S /No States Total ($) 1 Lagos 1,466,164,553.72 2 Kaduna 238,279,089.98 3 Edo 232,204,507.95 4 Cross River 167,922,477.17 5 Enugu 133,109,100.89 6 Bauchi 109,828,380.96 7 Ogun 107,449,174.80 8 Abia 101,486,013.74 9 Osun 96,607,386.38 10 Adamawa 94,574,331.40 11 Oyo 93,218,640.36 12 Anambra 85,924,044.73 13 Ekiti 78,053,560.27 43 Nigerian Domestic and Foreign Debt - 2017
  46. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 STATE RANKING BY HIGHEST EXTERNAL DEBT STOCK S /No States Total ($) 14 Katsina 67,864,607.66 15 Rivers 66,766,028.40 16 Kano 66,534,693.84 17 Ebonyi 63,373,675.28 18 Nassarawa 62,878,628.37 19 Imo 62,848,234.69 20 Delta 58,391,491.08 21 Niger 56,822,601.53 22 Kwara 50,726,592.99 23 Akwa Ibom 50,523,477.21 24 Ondo 50,251,762.16 25 Kebbi 47,820,060.27 26 Bayelsa 47,769,179.56 44 Nigerian Domestic and Foreign Debt - 2017
  47. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 STATE RANKING BY HIGHEST EXTERNAL DEBT STOCK S /No States Total ($) 27 Sokoto 41,161,222.60 28 Gombe 39,194,159.32 29 Benue 35,503,110.17 30 Zamfara 34,833,758.57 31 FCT 33,722,464.82 32 Jigawa 33,497,712.80 33 Kogi 33,030,039.02 34 Plateau 30,071,776.51 35 Yobe 29,564,923.26 36 Taraba 26,563,234.69 37 Borno 22,594,569.70 45 Nigerian Domestic and Foreign Debt - 2017
  48. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 STATE RANKING BY HIGHEST DOMESTIC DEBT STOCK S /No States Total (N) 1 Lagos 363,292,140,059.09 2 Delta 228,328,360,009.20 3 Rivers 191,156,694,184.66 4 Akwa Ibom 187,277,308,914.29 5 Osun 138,239,593,287.18 6 Bayelsa 129,469,645,258.94 7 Oyo 129,213,604,205.51 8 Cross-river 125,648,705,542.50 9 Plateau 122,349,286,591.51 10 Ekiti 117,495,679,340.86 11 Ogun 106,530,499,037.83 12 Fct 103,269,681,000.17 13 Kogi 102,359,193,069.66 46 Nigerian Domestic and Foreign Debt - 2017
  49. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 STATE RANKING BY HIGHEST DOMESTIC DEBT STOCK S /No States Total (N) 14 Kano 92,257,051,132.42 15 Kaduna 83,825,686,332.40 16 Imo 80,785,160,471.66 17 Benue 74,937,383,496.72 18 Bauchi 74,020,717,883.30 19 Nasarawa 71,359,977,984.75 20 Zamfara 69,923,231,483.13 21 Adamawa 69,609,083,183.53 22 Edo 68,514,312,630.61 23 Taraba 60,851,260,638.76 24 Abia 60,648,431,912.05 25 Enugu 59,746,077,051.15 26 Ondo 58,550,792,418.38 47 Nigerian Domestic and Foreign Debt - 2017
  50. NIGERIAN DOMESTIC AND FOREIGN DEBT - 2017 STATE RANKING BY HIGHEST DOMESTIC DEBT STOCK S /No States Total (N) 27 Borno 54,042,067,995.82 28 Kebbi 48,729,499,853.64 29 Gombe 41,939,190,055.53 30 Kwara 40,264,714,626.56 31 Niger 40,031,508,233.85 32 Ebonyi 34,613,143,814.14 33 Jigawa 33,269,858,797.75 34 Katsina 31,116,244,034.12 35 Yobe 26,467,942,394.82 36 Sokoto 26,028,103,448.98 37 Anambra 2,612,431,503.89 48 Nigerian Domestic and Foreign Debt - 2017
  51. Methodology Data is supplied administratively by the Debt Management Office , Nigeria and verified and validated by the National Bureau of Statistics, Nigeria. 49 Nigerian Domestic and Foreign Debt - 2017
  52. Provisional Debt Management Office States and Federal Governments ' External Debt Stock as at 31st December, 2017 S/No States and FGN Multilateral Bilateral Bilateral (CHINA ($) (AFD) EXIM BANK, ($) JICA, INDIA, KFW ($) 1 Abia 101,486,014. 2 Adamawa 88,074,331.40 6,500,000.00 3 Akwa Ibom 50,523,477. 4 Anambra 85,924,045. 5 Bauchi 109,828,381. 6 Bayelsa 47,769,180. 7 Benue 35,503,110. 8 Borno 22,594,569.70 9 Cross River 124,022,477. 43,900,000.00 10 Delta 58,391,491. 11 Ebonyi 63,373,675. 12 Edo 232,204,508. 13 Ekiti 78,053,560. 14 Enugu 126,609,101. 6,500,000.00 15 Gombe 39,194,159. 16 Imo 62,848,235. 17 Jigawa 33,497,712.80 18 Kaduna 238,279,090. 19 Kano 66,534,694. 20 Katsina 67,864,608. 21 Kebbi 47,820,060. 22 Kogi 33,030,039. 23 Kwara 50,726,593. 24 Lagos 1,322,334,554. 143,830,000.0025 Nassarawa 62,878,628. 26 Niger 50,322,602. 6,500,000.00 27 Ogun 102,449,174.80 5,000,000.00 28 Ondo 50,251,762. 29 Osun 84,361,397. 12,245,989.00 30 Oyo 93,218,640. 31 Plateau 30,071,777. 32 Rivers 66,766,028.40 33 Sokoto 41,161,222.60 34 Taraba 26,563,235. 35 Yobe 29,564,923. 36 Zamfara 34,833,759. 37 FCT 33,722,465. Sub-Total State & 3,892,653,278. 224,475,989.00FCT FGN 6,348,782,322. 50,500,001.00 2,097,022,380.00 Grand Total 10,241,435,600.00274,975,990.002,097,022,380.00 Commercial Total ($) - 101,486,014. 94,574,331.40 50,523,477. 85,924,045. 109,828,381. 47,769,180. 35,503,110. 22,594,569.70 167,922,477. 58,391,491. 63,373,675. 232,204,508. 78,053,560. 133,109,101. 39,194,159. 62,848,235. 33,497,712.80 238,279,090. 66,534,694. 67,864,608. 47,820,060. 33,030,039. 50,726,593. 1,466,164,554. 62,878,628. 56,822,602. 107,449,174.80 50,251,762. 96,607,386. 93,218,640. 30,071,777. 66,766,028.40 41,161,222.60 26,563,235. 29,564,923. 34,833,759. 33,722,465. 4,117,129,267. 6,300,000,000.0014,796,304,703. 6,300,000,000.0018,913,433,970.00 \\Dmoportal\back_officegeneraldocuments\GeneralOffice Documents\State Debt File\2010 States\2010 Debt Stock
  53. PROVISIONAL STATES ' DOMESTIC DEBT STOCK AS AT DECEMBER 31, 2017 SN STATES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 ABIA ADAMAWA AKWA IBOM ANAMBRA BAUCHI BAYELSA BENUE BORNO CROSS-RIVER DELTA EBONYI EDO EKITI ENUGU GOMBE IMO JIGAWA KADUNA KANO KATSINA KEBBI KOGI KWARA LAGOS NASARAWA NIGER OGUN ONDO OSUN OYO PLATEAU RIVERS SOKOTO TARABA YOBE ZAMFARA FCT TOTAL STOCK DEBT STOCK N 60,648,431,912.05 69,609,083,183.53 187,277,308,914.29 2,612,431,503.89 74,020,717,883.30 129,469,645,258.94 74,937,383,496.72 54,042,067,995.82 125,648,705,542.50 228,328,360,009.20 34,613,143,814.14 68,514,312,630.61 117,495,679,340.86 59,746,077,051.15 41,939,190,055.53 80,785,160,471.66 33,269,858,797.75 83,825,686,332.40 92,257,051,132.42 31,116,244,034.12 48,729,499,853.64 102,359,193,069.66 40,264,714,626.56 363,292,140,059.09 71,359,977,984.75 40,031,508,233.85 106,530,499,037.83 58,550,792,418.38 138,239,593,287.18 129,213,604,205.51 122,349,286,591.51 191,156,694,184.66 26,028,103,448.98 60,851,260,638.76 26,467,942,394.82 69,923,231,483.13 103,269,681,000.17 3,348,774,261,879.36 States and the FCT Domestic Debt is the actual Amount Outstanding against 32 States & the FCT as at end-December, 2017. 3 States (Akwa-Ibom, Katsina and Lagos State) were as at September, 2017. Borno State was as at June, 2017.
  57. Acknowledgements /Contacts Acknowledgements We acknowledge the contributions of our strategic partner Debt Management Office, Nigeria and our technical partner, Proshare in the design, concept and production of this publication. Contact Us @nigerianstat Head Office Address Plot 762,IndependenceAvenue,Central NBSNigeria +234 803 386 5388 www.nigerianstat.gov.ng feedback@nigerianstat.gov.ng Business District,FCT, Abuja Nigeria. 55 Nigerian Domestic and Foreign Debt - 2017