A statement issued by the office on Wednesday in Abuja, said the debt stock comprises of domestic and external debts of the federal government, the 36 states and the Federal Capital Territory (FCT).
It added that the debt which rose by N560 billion was accounted for largely by domestic debt which grew by N458.36 billion, while external debt also increased by N101.64 billion during the same period.
“The total public debt to Gross Domestic Product (GDP) ratio was 19.03 per cent which is within the 25 per cent debt limit imposed by the government.”
The debt portfolio which was obtained from the DMO website showed that the federal government presently owes N13.1 trillion domestically, while the states and the FCT owe N3.97 trillion.
However, the external debt of the federal government, states and the FCT stood at N7.8 trillion.
According to the states’ debt profile data released by DMO, Lagos recorded the highest domestic debt of N542.2 billion, followed by Rivers with N225.5 billion, Delta N223.4 billion and Akwa Ibom with N199.7 billion.
On the lowest rung are Yobe with N26.9 billion, Anambra N33.4 billion, Sokoto N36.5 billion, Jigawa N38.2 billion and Niger with N43.4 billion.
Meanwhile, that of Rivers was at Sept. 30, 2018.