Public Debt in Nigeria

Nigeria Public Debt | Economic News & Forecasts

Nigeria - Public Debt

Incoming data suggests that the economy gathered momentum somewhat in Q3, after growth slowed in Q2 on disappointing non-oil sector activity. Bank lending remained strong in July–August and the PMI hit a 15-month high in September, hinting at improved private-sector dynamics. Moreover, preliminary OPEC data showed that oil output averaged higher in Q3 than in Q2, spelling good news for the vital oil industry. That said, lower global crude prices may have capped some of the gains. In late September, the Central Bank raised the minimum loan-to-deposit ratio to 65% from 60%, the second increase in three months, to further pressure banks to boost credit to SMEs and consumers. Concerns have emerged, however, over the measure’s impact on loan quality. Meanwhile, President Buhari presented a record NGN 10.3 trillion 2020 budget to the National Assembly on 8 October, which aims to revive sluggish growth.

Nigeria - Public Debt Data

2013  2014  2015  2016  2017  
Public Debt (% of GDP)18.6  17.5  20.3  23.4  25.3  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Note: Public debt as % of GDP.
Source: IMF

Nigeria Facts

ValueChangeDate
Bond Yield14.130.0 %Sep 04
Exchange Rate306.53.08 %Sep 04
Stock Market0.10.0 %Sep 04

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form