 Nigeria spent almost one trillion Naira on debt servicing payments in the first quarter of this year and that's according to the latest data from the Debt Management Office, DMO. On Wednesday, DMO disclosed that Nigeria's total public debt increased to 33.11 trillion Naira at the end of the first quarter of 2021 and that's from 32.92 trillion Naira in December. It set the domestic debt rose to 20.64 trillion Naira as of March 31, 2021 from 20.21 trillion Naira on December 31, 2020 while the external debt fell to 12.47 trillion Naira from 12.71 trillion Naira in December. The total debt stock is made up of the domestic and external debt stocks of the federal government of Nigeria with 36 state governments and the federal capital territory. Now, DMO's data collated showed that the cost of servicing Nigeria's debts from January to March this year stood at 993.5 billion Naira.