Nigeria's Domestic Debt Hits N77.81 Trillion in Q3 2025

As of September 2025, Nigeria's domestic debt has risen to N77.81 trillion, reflecting the federal government's continued reliance on the local debt market, according to the latest data published by the Debt Management Office (DMO). The figures indicate that federal bonds dominate the country's domestic debt profile, accounting for approximately 80% of the total portfolio.

The DMO's disclosure shows that federal government bonds represent the largest share of Nigeria's domestic debt stock, while treasury bills and smaller allocations across sukuk, savings bonds, green bonds, and promissory notes make up the remainder. Specifically, federal savings bonds total N97.46 billion (0.13% of the portfolio), green bonds stand at N62.36 billion (0.08%), and promissory notes amount to N1.69 trillion (2.17%).

The DMO's data underscores the government's strategy to blend long-term and short-term borrowing instruments to meet funding and liquidity needs, with a notable emphasis on federal bonds for stability.