…Up by ₦3tr
The Debt Management Office, (DMO), says Nigeria’s total public debt has reached ₦152.39 trillion as of June 30.
Nigeria’s total public debt increased by ₦3 trillion or 2.01%, when compared to the ₦149.39 trillion reported in March.
The public debt profile consists of the domestic and external debt stocks of the federal and subnational governments — the 36 states and the federal capital territory (FCT).
The DMO said the total domestic debt was ₦80.55 trillion ($52.67 billion), while the total external debt was ₦71.84 trillion ($46.98 billion).
According to the debt office, the Federal Government accounted for the bulk of domestic debt, which rose to ₦76.58 trillion by Q2 2025, from ₦74.88 trillion in Q1. Also, domestic debt owed by states and the FCT increased slightly from ₦3.86 trillion in March to ₦3.96 trillion in June.
Recall that the DMO, on January 1, assured that Nigeria had made adequate budgetary provisions to meet its debt obligations following the issuance of $2.2 billion EuroBonds. In the same month, the DMO said Nigeria’s total public debt had reached ₦142.3 trillion as of September 2024.
On May 17, a report by the National Orientation Agency (NOA) said the federal and state governments had reduced their debt, supported by an increase in disbursements from the Federation Account Allocation Committee, (FAAC).
