Nigeria's Domestic Debt Hits N4.59 Trillion in Q2 2026

As of June 2026, Nigeria's state-level domestic debt stock rose to N4.59 trillion, reflecting a 1.49% increase from N4.52 trillion in March 2026. The ten most indebted states, including the Federal Capital Territory (FCT), accounted for N3.22 trillion, over 70% of the total debt.

The top ten states' debt increased by 4.44% quarter-on-quarter and 29.35% year-on-year, with a total increase of N731.05 billion, while debt outside this group fell by N103.69 billion. Benue State, with a debt of N112.32 billion, improved its position from the eleventh to the tenth rank, showing a year-on-year reduction of 15.88%.

Cross River's debt decreased to N130.01 billion, and Niger State's debt remained stable at N140.00 billion. Bauchi State's debt rose to N157.35 billion, marking a 1.88% increase.