Nigeria’s Public Debt Stock Rises By 11.6% Year-on-year To N152.40trn

Nigeria’s full nationalist indebtedness roseate importantly by 11.6 percent year-on-year to N152.40 trillion arsenic of June 30, 2025, according to the latest information from the Debt Management Office (DMO) released connected Saturday.

This marks an summation of N15.89 trillion compared to the N136.51 trillion recorded successful June 2024, highlighting the continued enlargement of Nigeria’s indebtedness load amid fiscal pressures.

In dollar terms, nationalist indebtedness grew from astir $89.15 cardinal past twelvemonth to $99.66 cardinal by June 2025, reflecting a 11.7 per cent year-on-year rise.

The DMO breakdown shows the national government’s indebtedness accounts for N141.08 trillion oregon 92.6 percent of the total, consisting of N64.49 trillion successful outer borrowings and N76.59 trillion successful home liabilities.

Nigeria’s outer indebtedness accrued to $46.98 cardinal (N71.85 trillion) successful June 2025, up from $42.10 cardinal (N66.56 trillion) a twelvemonth earlier.

Multilateral creditors, including the World Bank, African Development Bank, IMF, and Islamic Development Bank, clasp astir fractional of the outer debt, with the World Bank unsocial holding $18.04 billion, astir 38 percent of full outer obligations.

Bilateral loans basal astatine $6.20 billion, dominated by the Export-Import Bank of China’s $4.91 cardinal exposure. Commercial borrowings, mostly from Eurobonds, reached $17.32 billion—36.9 per cent of the outer portfolio—posing risks amid planetary marketplace volatility.

Domestically, Nigeria’s indebtedness accrued by 11.2 percent year-on-year to N80.55 trillion successful June 2025 from N72.41 trillion successful June 2024.

Federal authorities bonds represented the bulk of section indebtedness astatine N60.65 trillion, mostly comprising FGN bonds, securitised Ways and Means advances from the Central Bank of Nigeria (CBN), and dollar-denominated bonds.

Other home indebtedness instruments see Treasury bills (N12.76 trillion), Sukuk bonds (N1.29 trillion), savings bonds, greenish bonds, and promissory notes. The securitisation of the CBN’s Ways and Means advances reflects ongoing fiscal challenges adjacent arsenic the authorities aims to reconstruct monetary subject and capitalist confidence.The year-on-year maturation underscores the government’s dense reliance connected some home and overseas borrowing to negociate fiscal deficits amid economical reforms and outer shocks. Analysts caution that the rising indebtedness banal heightens fiscal vulnerabilities, particularly fixed Nigeria’s dependence connected planetary superior markets and concessional financing sources.

Nigeria’s full nationalist indebtedness has climbed to N152.40 trillion arsenic of June 30, 2025, according to the latest update from the Debt Management Office (DMO) released connected Saturday.

The fig reflects an summation of N3.01 trillion from the N149.39 trillion recorded astatine the extremity of March 2025—representing a 2.01 per cent emergence implicit the three-month period. In dollar terms, the indebtedness grew from $97.24 cardinal to $99.66 billion, indicating a 2.49 per cent increase.

According to the DMO breakdown, the Federal Government accounted for N141.08 trillion, oregon 92.6 per cent of the full nationalist debt. This includes N64.49 trillion successful outer borrowings and N76.59 trillion successful home debt.

The information highlights the government’s sustained dependence connected some section and overseas loans to span fiscal shortfalls amid ongoing reforms successful gross mobilisation and overseas speech policy.

Further investigation shows that Nigeria’s outer indebtedness stood astatine $46.98 cardinal (N71.85 trillion) by June 2025, compared to $45.98 cardinal (N70.63 trillion) successful March.

The World Bank remains the country’s biggest outer creditor with $18.04 billion, mostly from the International Development Association (IDA) window, accounting for astir 38 per cent of full outer obligations.

Multilateral creditors collectively clasp $23.19 billion, oregon 49.4 per cent, of the outer debt. Other cardinal multilateral partners see the African Development Bank (AfDB), International Monetary Fund (IMF), and Islamic Development Bank (IsDB).

Bilateral loans were estimated astatine $6.20 billion, with the Export-Import Bank of China starring astatine $4.91 billion, followed by smaller exposures to France, Japan, India, and Germany.

Commercial borrowings—mainly Eurobonds—were valued astatine $17.32 billion, representing 36.9 per cent of the full outer portfolio, portion syndicated facilities and commercialized slope loans amounted to $268.9 million.

Analysts pass that the country’s important vulnerability to Eurobonds increases vulnerability to planetary marketplace volatility, portion its reliance connected concessional multilateral financing underscores lingering fiscal weaknesses and constricted entree to low-cost credit.

Domestically, Nigeria’s indebtedness illustration roseate to N80.55 trillion successful June, up from N78.76 trillion successful March—an increm...