Nigeria’s total public debt has climbed to N152.40 trillion as of June 30, 2025, according to new data released by the Debt Management Office (DMO).
The figure represents an increase of ₦3.01 trillion, or 2.01 percent, from the ₦149.39 trillion recorded at the end of March. In dollar terms, the total debt rose from $97.24 billion to $99.66 billion, reflecting a 2.49 percent rise within the quarter.
According to the report, external debt stood at $46.98 billion (₦71.85 trillion) in June, up from $45.98 billion (₦70.63 trillion) in March. The DMO noted that multilateral lenders remain Nigeria’s largest creditors, with combined exposure of $23.19 billion, or 49.4 percent of total external obligations.
The World Bank, through the International Development Association (IDA), remains the country’s single biggest creditor with $18.04 billion outstanding.
Bilateral loans accounted for $6.20 billion, led by the Export-Import Bank of China with $4.91 billion, followed by smaller loans from France, Japan, India, and Germany.
Commercial borrowings stood at $17.32 billion, made up almost entirely of Eurobonds, representing 36.9 percent of external debt. Nigeria also owed about $268.9 million through syndicated facilities and commercial bank loans.
On the domestic front, total debt rose to ₦80.55 trillion in June from ₦78.76 trillion in March — an increase of ₦1.79 trillion. Federal Government bonds dominated the portfolio, accounting for ₦60.65 trillion, or 79.2 percent of domestic debt.
This includes ₦36.52 trillion in naira-denominated bonds, ₦22.72 trillion in securitised Ways and Means advances, and ₦1.40 trillion in dollar-denominated bonds.
Treasury bills made up ₦12.76 trillion (16.7 percent), while Sukuk bonds stood at Nj1.29 trillion. Other instruments include savings bonds worth ₦91.53 billion, green bonds of ₦62.36 billion, and promissory notes totalling ₦1.73 trillion.
The Federal Government accounted for the bulk of Nigeria’s public debt, with ₦141.08 trillion, or 92.6 percent of total obligations — comprising ₦64.49 trillion in external debt and ₦76.59 trillion in domestic borrowings.