Nigeria’s Public Debt Hits Nigeria’s Public Debt Hits N149trn’s total public debt rose to N149.39 trillion as of March 31, 2025, according to the latest data released by the Debt Management Office (DMO).
The nation’s public debt represents the indebtedness of the federal and state governments, as well as the Federal Capital Territory.
The Federal Government owes N74.89 trillion, while the 36 states and the Federal Capital Territory (FCT) owe the balance of N3.87 trillion.
The figure represents about 4. 72 trillion or 3.3 percent increase over the preceding quarter, with a debt stock figure of N144.67 trillion.
The data showed that external debt rose minimally by 0.5 percent between the end of 2024 and the end of March 2025 (N344 billion).
Although the nation’s external borrowing has been quite low since the last quarter of 2024, the Naira depreciation has had a very negative effect on the stock.
Domestic debt stood at N78.76 trillion as of the end of the first quarter compared to N65.65 trillion in March 2024.
VANGUARD
