Nigeria’s Debt Hits N152.4 Trillion, Rises by N3 Trillion in Three Months

Nigeria’s Debt Hits N152.4 Trillion, Rises by N3 Trillion in Three Months

Nigeria’s total public debt has surged to N152.4 trillion as of June 30, 2025, representing a N3.01 trillion increase from N149.39 trillion recorded at the end of March 2025. This 2.01% rise in just three months has sparked concerns about the country’s debt sustainability.

External Debt: Nigeria’s external debt rose to $46.98 billion (N71.85 trillion) by June, driven by sustained borrowing from multilateral institutions like the World Bank.
Domestic Debt: Total domestic debt increased to N80.55 trillion, with Federal Government bonds dominating the portfolio at N60.65 trillion.
Debt Breakdown:The Federal Government accounts for 92.6% of the total public debt stock, with subnational governments (36 states and FCT) owing N11.32 trillion.

The country’s heavy reliance on Eurobonds and multilateral loans raises concerns about vulnerability to global market shocks and fiscal fragility. With ongoing efforts to boost non-oil revenues, curb inflation, and stabilize the naira, Nigeria’s rising debt profile remains a pressing issu.