Tag: Debt Management Office

Nigeria’s public debt rose to ₦152tr in Q2 2025 – DMO

Aminu Imam
DMO on debt

…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).…

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Nigeria’s debt costs surge 164% – DMO

Aminu Imam
DMO on debt

…as FG spends more on T-Bills, bonds Nigeria’s domestic debt service bill surged by 164 percent year-on-year in the first quarter of 2025, driven by sharp increases in interest payments on Treasury Bills and Federal Government bonds, according to data sourced from the Debt Management Office, (DMO). The DMO data revealed that the federal government spent ₦2.6 trillion on domestic debt service between January and March, marking a 65% increase from the previous quarter The rise, according to FBNQuest Merchant Bank, “reflects a recurring seasonal pattern, where debt obligations typically…

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‘Nigeria’s public debt rose to ₦149.39tr in Q1 2025’ – DMO

Aminu Imam
DMO on debt

Nigeria’s total public debt rose to ₦149.39tn as of March 31, 2025, marking a year-on-year increase of ₦27.72trilliin, or 22.8% compared to the ₦121.67tr recorded in the corresponding period of 2024. The figure, released by the Debt Management Office (DMO) on Friday, also reflects a quarter-on-quarter increase of ₦4.72tr or 3.3% from ₦144.67tr as at December 31, 2024. The persistent rise in debt stock is attributed to new borrowings by the Federal Government and the depreciation of the naira, which inflated the local currency value of external loans. This surge…

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Nigerias debt profile grows by record N46.9tr under Tinubu-led govt.

Aminu Imam

Data published by the Debt Management Office (DMO) has revealed that Nigerias debt portfolio grew by N46.9trillion since the emergence of Bola Tinubu as Nigeria’s President. According to DMO data, as of June 2023, when Tinubu became Nigerias President, the countrys debt profile stood at N87.3 trillion; it however grew to N134.2 trillion as of June 2024.  As of September 2023, the country’s debt  grew to N87.9 trillion, from the N87.3 trillion posted in June 2023; this would mean that within the 3-months period, Nigeria borrowed N600billion. As of December…

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?121.7tr debt: ?”Hold World Bank to account” – SERAP tells Inspection Panel

Aminu Imam
SERAP World Bank

Socio-Economic Rights and Accountability Project, (SERAP), has sent a complaint to the World Bank’s Inspection Panel, urging the Panel to probe allegations of corruption in the spending of the loans and other funding facilities obtained by the Federal Government and Nigerias 36 State governors and to review the implementation of all Bank-funded projects by successive governments since 1999. In an issued letter, dated June 22, 2024 and signed by SERAP Deputy Director, Kolawole Oluwadare, SERAP urged the Inspection Panel to determine the extent to which Bank Management has followed or…

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Nigerias public debt rose by N24.33tr in three months DMO

Aminu Imam
DMO

Nigerias total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office, (DMO), has announced. The DMO disclosed the new figure in a press release yesterday in Abuja. This new figure is from a total debt of N97.34trillion (108.23billion) as of December 2023. The Public Debt, comprise of Total Domestic and External Debts of the Federal Government of Nigeria, the thirty-six state governments, and the Federal Capital Territory, (FCT). The report read, Nigerias total public debt stood at N121.67 trillion (USD91.46…

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Nigerias public debt hits N97tr in December 2023 DMO

Aminu Imam

The Debt Management Office, (DMO) has announced that Nigerias public debt stock as of 31 December 2023 is N97.341 trillion ($108.229 bn). The agency, which made the announcement  on Friday, noted that the amount comprised domestic and external debt stocks of the Federal Government, the 36 state governments and the Federal Capital Territory (FCT), added that the new figure shows an increase of N9.43 trillion over the comparative figure for 30 September 2023. This was largely because of the new domestic borrowing by the federal government to part-finance the deficit…

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Nigeria’s public debt hits N49 trillion – DMO

Aminu Imam

The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars). According to a statement obtained from the DMO official website yesterday, the total debt stock comprises the external and domestic debts of the Federal Government, the 36 States and the Federal Capital Territory (FCT). Nigerias total debt for the preceding period 0f Dec. 21, 2022 was N46.25 trillion (103 billion dollars), indicating an increase of about three trillion Naira. However, the total debt stock excludes the Federal Governments…

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Nigerias public debt rises to N46.25tr -DMO

Aminu Imam

Nigerias total public debt stock increased to N46.25 trillion or $103.11 billion as of December 2022, the Debt Management Office (DMO) disclosed yesterday. According to the DMO, the new figure is made up of the domestic and external total debt stocks of the Federal Government and the sub-national governments (36 state governments and the Federal Capital Territory). The DMO stated that the comparative figure of public debt as of December 31, 2021, was N39.56 trillion or $95.77 billion. This means that the countrys debt increased by N6.69trn or $7.34bn within…

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Debt Stock: Nigerias debt rises further, hits N44.06tr – DMO

Aminu Imam

Nigerias debt stock rose to N44.06 trillion in September 2022 from N42.84 trillion in June, according to new data from Debt Management Office (DMO). The total debt stock comprises of total domestic and external debt stock of the Federal Government, State governments and the Federal Capital Territory. Nigeria, which is Africas biggest economy, has seen its debt rise by N4.5 trillion this year, from N39.56 trillion at the end of last year. The increase in the debt stock was largely due to new borrowings by the Federal Government to part-finance…

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