Nigeria’s total public debt burden has surged to N152.40 trillion as of June 30, 2025, a staggering increase of N3.01 trillion from N149.39 trillion recorded at the end of March 2025, representing a 2.01 percent rise in just three months.
In dollar terms, the country’s debt jumped from $97.24 billion to $99.66 billion, reflecting a 2.49 percent increase.
According to the Debt Management Office (DMO), the Federal Government accounted for 92.6% of the total public debt stock, with external debt rising to $46.98 billion and domestic debt increasing to N80.55 trillion.
The DMO report highlights the Tinubu government’s escalating dependence on both domestic and foreign borrowing to cover fiscal deficits, with concerns persisting over the cost of borrowing and exchange rate adjustments.
The country’s heavy exposure to Eurobonds and dependence on concessional multilateral loans point to persistent fiscal fragility and limited access to cheaper credit.
