Nigeria's Public Debt Hits N152.39 Trillion in Q2 2025, NBS Report Reveals

Nigeria's total public debt reached N152.39 trillion in the second quarter of 2025, up from N149.38 trillion in the previous quarter, according to data released by the National Bureau of Statistics (NBS). The report shows that Nigeria's external debt stood at N71.84 trillion ($46.98 billion), while domestic debt amounted to N80.55 trillion ($52.67 billion) in Q2 2025.

Lagos State leads in domestic debt with N1.04 trillion, followed by River State and Jigawa State. On the external front, Lagos also has the highest debt at $1.04 billion.

The Debt Management Office (DMO) noted that the country's debt is mainly sourced from federal government bonds, Nigerian Treasury Bills (NTB), and Promissory Notes. Multilateral creditors, including JICA and CDB, are among the major creditors servicing Nigeria's external debt.