Tag: Nigeria’s public debt

‘Nigeria’s public debt hits ₦159.28tr in Dec. 2025’ – DMO

Aminu Imam
'Nigeria’s public debt

Nigeria’s total public debt rose to ₦159.28 trillion as of December 31, 2025, according to the latest data released by the Debt Management Office (DMO) on Tuesday. The figure represents an increase from the ₦ 153.29 trillion recorded at the end of September 2025, underscoring the country’s growing reliance on borrowing to finance its fiscal obligations. Analysis of the data shows that the debt stock increased by ₦5.98tr on a quarter-on-quarter basis, representing a 3.9% rise between September and December 2025. The DMO, however, noted that the December 2025 figures…

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Nigeria’s debts will hit N38.68trn in 2021 – Finance Minister

Aminu Imam

Clarifies why Mambilla Power Project wasn’t captured in 2021 Budget The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the total public debts of Nigeria would hit N38trn by December 2021. The Minister stated this yesterday, during her presentation to the Senate Committee on Local and Foreign Debts. According to Mrs. Ahmed, “The total public debt stock comprising the External and Homes debts of the Federal and state governments and the Federal Capital Territory stood at N31.01trn (USD85.90 billion) as at June 30, 2020. “It is projected,…

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