Nigeria’s total public debt has risen to N149.38 trillion in the first quarter of 2025.
Gatekeepers News reports that this marks an increase of N4.72 trillion or 3.3 percent from the N144.67 trillion recorded in the fourth quarter of 2024, according to figures released by Debt Management Office (DMO).
The debt office said the total domestic debt was N78.75 trillion ($51.2 billion) while the total external debt was N70.63 trillion ($45.9 billion).
The federal government accounted for the majority of the domestic debt, which rose to N74.88 trillion in Q1 2025 — up from N70.40 trillion in the previous quarter.
In contrast, the domestic debt of states and the Federal Capital Territory (FCT) declined slightly to N3.86 trillion in March 2025, compared to N3.96 trillion in December 2024.
