By Abubakar Yunusa
The Debt Management Office (DMO) says Nigeria’s total public debt has reached N152.39 trillion as of June 30.
Nigeria’s total public debt increased by N3 trillion or 2.01 percent, compared to the N149.39 trillion reported in March.
The public debt profile consists of the domestic and external debt stocks of the federal and subnational governments — the 36 states and the federal capital territory (FCT).
The DMO said the total domestic debt was N80.55 trillion ($52.67 billion), while the total external debt was N71.84 trillion ($46.98 billion).
According to the debt office, the federal government accounted for the bulk of domestic debt, which rose to N76.58 trillion by Q2 2025 from N74.88 trillion in Q1.
Also, domestic debt owed by states and the FCT increased slightly from N3.86 trillion in March to N3.96 trillion in June.
The DMO, on January 1, assured that Nigeria had made adequate budgetary provisions to meet its debt obligations following the issuance of $2.2 billion Eurobonds.
In the same month, the DMO said Nigeria’s total public debt had reached N142.3 trillion as of September 2024.
On May 17, a report by the National Orientation Agency (NOA) said the federal and state governments had reduced their debt, supported by an increase in disbursements from the Federation Account Allocation Committee (FAAC).
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