Nigeria's Ways and Means Debt Falls by N613 Billion in 2026
The Federal Government's securitised Ways and Means debt declined by N613.34 billion in the second quarter of 2026, marking its first recorded reduction since its addition to Nigeria's public debt stock in 2023. According to the Debt Management Office (DMO), the outstanding balance decreased to N22.106 trillion as of June 30, 2026, from N22.719 trillion at the end of March 2026, representing a quarter-on-quarter decline of 2.70%.
This reduction coincided with the expiration of a three-year moratorium on principal repayment that was granted when the debt was securitised in 2023. The securitised Ways and Means balance had remained unchanged at N22.719 trillion from its inclusion in June 2023 through March 2026.
The DMO initially included this amount in the broader FGN bond portfolio but later reported it separately as “FGN Securitised Ways & Means.” As of June 30, 2026, Nigeria's total public debt stock rose to N166.79 trillion, with domestic debt accounting for N91.59 trillion.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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