Nigeria's Public Debt Hits N152.4 Trillion by June 2025, Shows Significant Increase
Nigeria's total public debt has surged to N152.4 trillion by June 2025, marking a quarterly increase of N3.01 trillion. The Debt Management Office (DMO) reported that the country's external debt stood at $46.98 billion, with multilateral lenders like the World Bank being the largest creditors.
The domestic side of the debt reached N80.55 trillion, with federal government bonds dominating the portfolio. Nigeria's heavy reliance on both concessional financing and commercial loans is evident, highlighting concerns about the country's debt sustainability.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
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