Nigeria's Public Debt Hits Record High of $100 Billion in June 2025

Nigeria's total public debt reached a peak of almost $100 billion in June 2025, showcasing an upward trajectory fueled by fresh borrowing and exchange rate fluctuations. The debt breakdown includes obligations to countries like China, France, Germany, and Japan, as well as multilateral institutions such as the World Bank, Islamic Development Bank, and African Development Bank.

Additionally, significant portions of the debt comprise local borrowings through instruments like FGN bonds, treasury bills, sukuk bonds, and green bonds. Loans from entities like Exim Bank China and China Development Bank fund major infrastructure projects in Nigeria.