NewStats: 3,264,293 , 8,183,251 topics. Date: Tuesday, 10 June 2025 at 01:24 PM 264710

6382y

Every Nigerian Now Owes About N620,000 According To Debt Per Capita Report - Politics - Nairaland 523r1p

Every Nigerian Now Owes About N620,000 According To Debt Per Capita Report (15291 Views)

(4)

(1) Go Down)

ijustdey: 6:31pm On Nov 11, 2024
Adata review for the second quarter debt portfolio of the country released by the National Bureau of Statistics (NBS) has shown that the debt owed by every Nigerian on the average stood at N619,501.

According to the data published by the Debt Management Office, Nigeria’s public debt stood at N134.297 trillion as of the second quarter of 2024 (June, 2024).

With the National Bureau of Statistics putting the country’s population at 216.7 million persons, it would mean that debt per capita stands at N619,501 based on the latest debt figure released by the DMO.

Put into further context, each Nigerian owes nine times the newly approved minimum wage of N70,000, if debt per capita is put into context.

Nigeria’s Debt Profile Grows By Record N46.9trillion Under Tinubu-Led Government

The debt data further shows that domestic debt stands at N71.2trillion, whole external debt stands at N63 trillion.

Of the amount owed, States owe N7.1 trillion externally while the federal government owes N55.8 trillion externally.

States owe N4.2 trillion domestically while federal government owes N66.9 trillion.

The new debt figure of the country put at N134 trillion is a N13 trillion increase from the N121 trillion recorded as of March 2024.

The development is amid clamour for less reliance on loans by the Nigerian government.

https://saharareporters.com/2024/11/11/every-nigerian-now-owes-about-n620000-according-debt-capita-report

4 Likes 3 Shares

Bobloco: 6:33pm On Nov 11, 2024
angry

1 Like

Flangelo12: 6:39pm On Nov 11, 2024
I don pay my own tay tay.

148 Likes 2 Shares

Atuero(m): 6:52pm On Nov 11, 2024
So Tinubu borrowed 13Tr naira in 3 months

Issorite

74 Likes 3 Shares

Zonefree(m): 7:01pm On Nov 11, 2024
Make they drop aza make I begin dey pay my own small small. No time.

Mindlog:


Also help me pay my own, if you don't mind.
Pay your gbese. OYO

39 Likes 3 Shares

BItt: 7:11pm On Nov 11, 2024
Christ has paid all my debt

146 Likes 13 Shares

Mindlog: 7:13pm On Nov 11, 2024
Zonefree:
Make they drop aza make I begin dey pay my own small small. No time.

Also help me pay my own, if you don't mind.

9 Likes 2 Shares

Sonnobax15(m): 7:38pm On Nov 11, 2024
lipsrsealed
Funny thing is that even our unborn generation has also been indebted grin

23 Likes

givedemwotowoto: 7:49pm On Nov 11, 2024
False.

TPain paid for Agbado munchers. It’s only Obidients that owe. We must teach Peter Obi a lesson

70 Likes 2 Shares

SAMBARRY: 7:53pm On Nov 11, 2024
Oriyin buru danulorun yin. Was I there when you were borrowing money abi I follow una buy private jet

62 Likes 2 Shares

Edygrin(m): 8:00pm On Nov 11, 2024
Thanks to the great borrower Buhari and the greatest looter and borrower of our time Tinubu.

50 Likes 3 Shares

RandomFellow: 8:00pm On Nov 11, 2024
I hate to owe please! Where is the ? Lemme pay off my own debt grin grin grin

30 Likes 1 Share

Hopeatlast: 8:00pm On Nov 11, 2024
Hmmm
Vifx: 8:00pm On Nov 11, 2024
Lol no
GanagiBitrus: 8:00pm On Nov 11, 2024
Our Polithiefcians, Sinators & Legislooters can easily pay off the debt.

5 Likes

Achor1111(m): 8:01pm On Nov 11, 2024
Zonefree:
Make they drop aza make I begin dey pay my own small small. No time.
T-pain never borrow finish.
Be calming down fess

35 Likes

stabilizer: 8:01pm On Nov 11, 2024
You and who?

14 Likes 1 Share

Creamypie(m): 8:01pm On Nov 11, 2024
Including all apc paid ers spoon-fed by their parents

8 Likes

id4sho(m): 8:01pm On Nov 11, 2024
Time to sell Nigeria cool

5 Likes

dumahi(m): 8:01pm On Nov 11, 2024
Flangelo12: 8:01pm On Nov 11, 2024
BItt:
Christ has paid all my debt

grin

100 Likes 1 Share

LegallyBlunt: 8:01pm On Nov 11, 2024
Only? Triple it now.

If we're not careful, we'll be colonised like before.
I know we're under neo-colonialism, but the main one with foreign occupants may happen again because many Nigerians are like me: WE CAN'T PAY.

Even if you reduce it to N20K, many of us cannot afford it.

6 Likes

freemanq(m): 8:02pm On Nov 11, 2024
The question is how many Nigerians have up to such amount in their currently? Government knew those that stole the money they should go after them

5 Likes

Damseldammie(f): 8:02pm On Nov 11, 2024
Gbese lo maa pa iyalaya yin....
Eyin ole & ojelu gbogbo yii

1 Like

chrisxxx(m): 8:02pm On Nov 11, 2024
Where can I pay my family's own so that we can be free?
b0rn2fuck(m): 8:02pm On Nov 11, 2024
Dey play
Haydens: 8:02pm On Nov 11, 2024
Hiohiohiohiohio hahahahaha bobobobobob lolololololo kikikikikiki.

Ogun punish Thinubu plus the past leaders and their generations.

5 Likes

Vinnie2000(m): 8:02pm On Nov 11, 2024
This Tinibu govt is Bloody Sha! undecided

Even Agbad0rians are Not finding it easy. sad

MannaVulturegrills Business is now in Shambles
While that Templarlandry Boy that dedicates Music to every thread is suffering from Acute HUNGER. embarassed

Only Helinius who still feeds from his Mother's Pot is doing well. smiley

15 Likes 1 Share

Flangelo12: 8:02pm On Nov 11, 2024
grin
Talkisneeded(m): 8:02pm On Nov 11, 2024
But them use 5 billion renovate vp presidential mansion for Lagos...why is vp having a presidential mansion in Lagos in the first place,I thought Abuja is the FTC...


I sell herbs joor

3 Likes

Lungs: 8:02pm On Nov 11, 2024
SAMBARRY:
Oriyin buru danulorun yin. Was I there when you were borrowing money abi I follow una buy private jet


Oloshi omoale

But U follow vote in Ur daddy Pa Tinubu

4 Likes

(1) Reply)

FEC Approves N109.187bn For Road, Hostel Contracts

(Go Up)

Sections: How To . 17
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.