Nigeria's Public Debt Hits ₦152.4 Trillion Despite Revenue Gains, Risks Loom

Nigeria's total public debt has surged to ₦152.4 trillion as of June 30, 2025, showing a significant increase from ₦149.39 trillion recorded at the end of March. Despite revenue gains, the country's debt rose by ₦3.01 trillion in just three months, with a notable uptick in external debt.

Multilateral creditors, including the World Bank, hold a significant portion of Nigeria's external debt. The rise in reliance on Eurobond markets and commercial bank facilities exposes the country to global interest rate risks, highlighting ongoing fiscal strains and limited access to affordable domestic credit.