The Debt Management Office (DMO) has announced that Nigeria’s total public debt surged to N152.39 trillion by June 30, 2025, marking a N3 trillion (2.01%) increase from N149.39 trillion recorded at the end of March.
Gatekeepers News reports that according to the DMO’s latest report, the debt stock comprises both domestic and external borrowings by the federal government, 36 states, and the Federal Capital Territory (FCT).
The agency disclosed that domestic debt stood at N80.55 trillion (approximately $52.67 billion), while external debt amounted to N71.84 trillion (about $46.98 billion).
The federal government accounted for the majority of the domestic borrowings, which rose from N74.88 trillion in Q1 to N76.58 trillion in Q2 2025.
Meanwhile, the combined domestic debt of states and the FCT recorded a modest increase from N3.86 trillion in March to N3.96 trillion in June.
Earlier in the year, the DMO reassured Nigerians that adequate budgetary provisions had been made to meet the nation’s debt servicing obligations, particularly after the issuance of a $2.2 billion Eurobond.
It further recalled that as of September 2024, Nigeria’s total public debt stood at N142.3 trillion, while a subsequent National Orientation Agency (NOA) report in May 2025 noted a temporary decline in debt levels following improved disbursements from the Federation Account Allocation Committee (FAAC).
Despite the recent increase, the DMO maintained that the government continues to manage its debt portfolio responsibly to ensure sustainability and economic stability.
