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NIGERIA'S PUBLIC DEBT
Nigeria total public debt hit N152.39 trillion as of June 2025, the highest ever on record in Naira terms.
Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, marking a year-on-year increase of N27.72 trillion or 22.8% when compared to the N121.67 trillion recorded in the corresponding period of 2024.
Financial experts are raising concerns that Nigeria could be entering a full-blown debt trap, where the government is forced to take on new loans just to service existing obligations.
Nigeria has a total domestic debt profile of N74.3 trillion and $44.9 billion in external debts as of December 2024. This is the list of Nigeria's top creditors.
The Debt Management Office (DMO) of Nigeria has announced that the nation's total public debt has increased significantly to N121.67 trillion (approximately $91.46 billion) as of March 31, 2024.
Nigeria incurred a debt service of $3.5 billion for its external loans in the fiscal year ended 2023 according to data from the Central Bank of Nigeria (CBN).
The Debt Management Office (DMO) has disclosed a significant escalation in the country's public debt, which soared by 10.7% to N97.34 trillion in the fourth quarter of 2023, from N87.91 trillion recorded in the previous quarter.
DMO says Securitization will enhance debt transparency as it enables them to include the debt in the total public debt stock.
Nigeria owes $151.3 billion worth of public debt as of June 2022
The Debt Management Office has denied reports alleging that Nigeria failed the World Bank disclosure rule...
Nigeria’s total debt stock rose to N24.9 trillion or US$81.2 billion as of the end of March 2019. This is revealed in the latest report released by [@DMONigeria]