Nigeria's Domestic Debt Service Hits N1.7 Trillion in Q2 2025 on Bonds, T-bills

Nigeria's total domestic debt service in Q2 2025 hit N1.7 trillion, with N1.686 trillion spent on interest payments and N20.14 billion on principal repayments. The Debt Management Office (DMO) released these figures, showing the government's significant reliance on domestic borrowing to fund budget deficits.

The country's domestic debt service peaked in April 2025 at N805.31 billion before dropping to N423.10 billion in May and slightly rising to N478.67 billion in June. The total domestic debt stock rose to N76.59 trillion by mid-2025, with federal government bonds accounting for N60.65 trillion.