Nigerian Government Borrows N6.17 Trillion in 6 Months to Finance Deficit
The Nigerian government has borrowed a total of N6.17 trillion in domestic debt markets within the first six months of 2025 to finance its deficit. Data from the Debt Management Office (DMO) shows that the borrowing was mainly through federal government bonds, Nigerian Treasury Bills (NTBs), and Promissory Notes (P Notes).
The government's strategy includes raising N13 trillion in the domestic market in 2025 to bridge its budget deficit. The majority of the borrowing is in the form of Federal Government Bonds, accounting for nearly 80% of the total borrowings by June 2025.
This heavy reliance on debt markets reflects the government's struggle to sustain spending commitments amidst underperforming non-oil revenues.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
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