Nigeria's Public Debt Reaches N159.28 Trillion in Q4 2025

According to the National Bureau of Statistics (NBS), Nigeria's public debt stock hit N159.28 trillion in Q4 2025, reflecting a 3.90% increase from N153.29 trillion in Q3 2025. The total external debt was reported at N74.43 trillion, while domestic debt amounted to N84.85 trillion.

The report indicates that the external debt constituted 46.73% of the total public debt, while domestic debt made up 53.37%. Lagos State recorded the highest domestic debt at N1.22 trillion, followed by Rivers State at N378.81 billion, while Jigawa State had the lowest domestic debt at N1.60 billion, followed by Ondo State at N8.42 billion.

In terms of external debt, Lagos State also led with N1.17 billion, followed by Kaduna State at N684.29 million. The Federal Capital Territory (FCT) recorded the lowest external debt at N26.80 million, followed by Zamfara State at N41.93 million.