Nigeria's Public Debt Surges to N152.40 Trillion, Poses Risks Amid Global Volatility

Nigeria's total public debt has risen by 11.6% year-on-year to N152.40 trillion as of June 30, 2025, according to the Debt Management Office (DMO). The debt burden continues to expand, with the federal government's debt accounting for N141.08 trillion, 92.6% of the total.

External debt reached N71.85 trillion, with multilateral creditors like the World Bank and African Development Bank holding a significant portion. The surge in debt, both external and domestic, highlights ongoing fiscal challenges faced by Nigeria.