Nigeria's Public Debt Reaches N153.29 Trillion in Q3 2025

As of September 30, 2025, Nigeria's total public debt stock has increased to N153.29 trillion, equivalent to approximately $103.94 billion, as reported by the Debt Management Office (DMO). The external debt is recorded at $48.46 billion, translating to N71.48 trillion, which constitutes 46.63% of the total public debt.

Meanwhile, the domestic debt stock has risen to $81.82 trillion, or $55.47 billion, accounting for 53.37% of the country's total debt exposure. The DMO data indicates that domestic debt comprises a larger portion of Nigeria's public debt profile, primarily due to sustained issuance of government securities in the local market.

Within the domestic debt category, Federal Government Naira bonds account for N60.64 trillion, dollar-denominated bonds for N1.35 trillion, and Nigerian Treasury Bills for N12.68 trillion, representing 16.3% of total domestic debt. The report highlights that the federal government continues to hold the majority of Nigeria's debt exposure, while states and the Federal Capital Territory contribute a smaller portion.