Nigeria’s public debt rises to N152.4tn — DMO
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.