Tag: Nigeria’s debt profile

‘Tinubu adding ₦82bn to Nigeria’s debt every single day’ – Report

Aminu Imam
Report on Tinubu's debt

Nigeria’s public debt profile has come under fresh scrutiny, following data suggesting that the administration of President Bola Ahmed Tinubu is accumulating an average of about ₦82 billion in new debt daily, driven largely by a combination of external borrowings and financing arrangements secured within the first 114 days of 2026. The figures, compiled by Statisense from multiple datasets, including Policy and Advocacy Centre (PLAC), GOV.UK, the World Bank, and the African Development Bank (AfDB), indicate that Nigeria secured approximately ₦9.39 trillion in new foreign financing between January and April…

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FG’s debt balloons, as ₦6.17tr added to liabilities in 6 months

Aminu Imam
FG’s debt balloons

The Federal Government has borrowed a staggering ₦6.17 trillion from domestic lenders in the first half of 2025, underscoring its growing reliance on local funding to bridge persistent budget deficits and sustain public spending. According to data from the Debt Management Office (DMO), the government raised ₦4.48 trillion in the first quarter and another ₦1.7 trillion in the second quarter — a 2.26% increase bringing total domestic debt to ₦76.59 trillion as of June 30, 2025. With oil production still below 1.8 million barrels per day and non-oil revenues underperforming,…

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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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