Nigeria’s total debt stock as at March 31, is N33.10 trillion of this amount, N12.71 trillion or 38.60 per cent is external while N20.21 trillion or 61.40 per cent of the total debt stock is domestic.

The 36 States and FCT have a collective domestic debt stock of N4.19 trillion.

Read Also: Burden of Nigeria’s rising debts

Of the total debt stock, $4.06billion is owed to bilateral institutions. while $11.17billion is commercial debts comprising Eurobonds and Diaspora Bonds and $186.70 is Promissory notes designated.

Nigeria is owing multilateral institutions like the World Bank (World Bank Group)- IDA $11,123.04, IBRD $409.74.), International Monetary Funds (IMF) $3,535.23 and bilateral institutions like, France (AFD)$493.71, Exim Bank of China $3,264.16, Japan (JICA) $80.20; Exim Bank of India) $37.00 and Germany (KFW)$184.32.