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Average Nigerian Owes N619,501 Debt—NBS Reports

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Average Nigerian Owes N619,501 Debt—NBS Reports
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According to data published by the National Bureau of Statistics (NBS), as of the country’s second quarter debt balance, the average debt for each Nigerian was N619,501.

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

If the nation’s population was 21,67 million, according to the National Bureau of Statistics, then the debt a person would bear is N619,501, which is the most recent debt number the DMO has put out.

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The DMO reports that “public debt is at N134 trillion. This is the external and internal debt of the FGN (Federal Government of Nigeria) as of 30th June 2024.

According to the debt register, domestic debt stands at N71.2 trillion, and external debt stands at N63 trillion.

The state owes N7.1 trillion to the public beyond, while the federal owes N55.8 trillion.

State accounts are N4.2 trillion, while the federal account is N66.9 trillion.

Current debt levels in the country stand at N134 trillion—up N13 trillion from N121 trillion in March 2024.

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It is the development that has intensified pressure on the Nigerian government to reduce the need for borrowing.

Hi, I'm [Oluwafemi Talabi, popularly known as PEN GOSSIPER], and I'm passionate about bringing you the latest and most relevant news from around the world. I started this blog in [2016] as a way to share my insights and opinions on current events, politics, culture, and more. My goal is to inform, educate, and entertain you with engaging and well-researched content. Whether you're looking for breaking news, analysis, commentary, or stories that matter, you'll find them here on [FMT BLOG femotech.com.ng]. I hope you enjoy reading my blog as much as I enjoy writing it. Thank you for your support and feedback. Feel free to contact me anytime at [fmtblog4u@gmail.com]

Viral Gists

Dating A Short Man Feels Like I Am Dating My Son— Diminutive Ghanaian Woman (Video)

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A short-statured Ghanaian woman has sparked online debate after making contentious remarks regarding her romantic relationship preferences.

Diminutive Ghanaian Woman

During a recent interview with De God Son TV, the diminutive lady expressed her aversion to dating guys of shorter height despite her diminutive Ghanaian woman. She remarked that short men do not match her “specifications” for relationships.

When questioned about her explanation, she stated that she sees shorter men as resembling infants, even though they are adults.

“I have a 7-year-old son, so dating a short man feels like dating my son,” she explained, finding parallels between her personal and romantic lives.

Watch the video below.

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Celebrity

Davido Trends As His New Rolls Royce And Tesla Cybertruck Land In Nigeria (PHOTOS)

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Davido tesla cybertruck
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Once again, Nigerian singer Davido has made headlines for proving his status as a rich man with two luxury cars entering Nigeria: a Rolls-Royce and a Tesla Cybertruck.

Davido

The musician posted a picture of the trip on social media, his pure white Rolls Royce parked on the runway, ready for shipment.

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Another photo depicted the Tesla Cybertruck being loaded into an aircraft to verify the truck’s arrival in Nigeria.

Davido tesla cybertrucks

Cubana Chief Priest, another close associate and entrepreneur, also saluted the new cars with an Instagram image. He congratulated Davido on his feats, dubbed him the “GOAT,” and hinted at a festive December with new vehicles added to the singer’s collection.

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Davido tesla cybertrucks
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”Coming Out As HIV Positive Was Harder Than Coming Out As Gay”- Gay Rights Activist, Bisi Alimi (VIDEO)

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Bisi Alimi
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Gay rights activist Bisi Alimi, in a podcast, narrated how he was scared of coming out to declare his sexual orientation, whereas the stigma attached to being HIV positive was harder than coming out as gay.

Bisi Alimi

Coming out as HIV positive was harder than coming out as gay — Gay activist Bisi Alimi

Bisi further added that an average man expects to follow a predefined path of growth, which includes teenage years through university level, to get a degree and a job.

He noted that he couldn’t follow the predefined path of growth, which was why he came out to declare his sexual orientation.

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Bisi Alimi further said that his making his sexual orientation public doesn’t mean he did to throw a party, but rather to shun all expected people placed on him.

”I am not coming out to spite you; I have been gay since way back; I didn’t just become gay yesterday.”

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To watch the complete conversation, see the video below.

https://www.youtube.com/watch?v=G6J2U7kzW80
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