Lagos state accounts for 12.31 per cent of the total domestic debt stock, the National Bureau of Statistics has said.
The NBS disclosed this in its quarterly data release made available at its website on Thursday.
According to the data, the Federal Government only domestic debt stock was put at N16.51 trillion, while states and FCT domestic debt stock was put at N4.12 trillion.
However, Lagos state accounts for 12.31 per cent of the total domestic debt stock, while Jigawa State has the least debt stock in this category with a contribution of 0.77 per cent to the total domestic debt stock.
Meanwhile, Nigerian states and Federal Debt Stock data as of 31st March 2021 shows that the country’s total public debt portfolio stood at N33.11 trillion.
The report indicates that further disaggregation of Nigeria’s total public debt showed that N12.47 trillion or 37.67 trillion of the debt was external while 20.64 trillion or 62.33 trillion of the debt was domestic.