Nigeria's Foreign Liabilities Rise to $90.2 Billion in 2025

In 2025, Nigeria's net foreign liabilities rose by $7.5 billion to $90.2 billion, as reported by the Central Bank of Nigeria. This increase reflects a faster growth in foreign investors' claims on Nigerian assets compared to the country's investments abroad.

The net financial liabilities increased from $82.7 billion in 2024 to $90.2 billion, based on external assets of $125.6 billion and foreign liabilities of $215.8 billion. The rise in liabilities was primarily due to a $10.1 billion increase in portfolio investment liabilities, largely from foreign investments in government debt instruments.

Direct investment liabilities also rose by $6.7 billion, indicating stronger foreign ownership in Nigerian companies. Nigeria's reserve assets increased by $5.6 billion, enhancing the country’s ability to manage external shocks.

However, the growing liability position underscores Nigeria's reliance on foreign capital, necessitating a shift towards long-term foreign direct investment and improved non-oil export earnings to ensure external sustainability.