Nigeria’s foreign debt has increased to N49.85 trillion ($108.30 billion) as of March 31st, 2023, compared to N46.25 trillion in December 2022, according to the Debt Management Office.

In a statement shared on Twitter, the DMO disclosed that the total public debt, including external and domestic debts of the Federal Government, states, and the Federal Capital Territory, amounted to N49.85 trillion.

The DMO also mentioned that the recently securitized Ways and Means loans of N22.719 trillion would be considered as Federal Government domestic debt starting from June 2023.

The National Assembly approved the securitization in May 2023.