FGN Bonds contributed over N59.796 trillion or 79.85 per cent to the federal government’s N74,887 trillion domestic debt obligations as of the first quarter of 2025 ending March 31, 2025.
The total public debt stock of the federal and state governments as well as the Federal Capital Territory (FCT) also posted 3.3 per cent quarter-on-quarter rise of N4.72 trillion, from N144.67 trillion as of December 31, 2024 to N149.39 trillion by March 31, 2025.
These were contained in the latest public debt figures released by the Debt Management Office (DMO) total debt stock, comprising debt owed by the government at the centre, the 36 states of the Federation and the Federal Capital Territory (FCT).
The DMO data showed that of the N78.56 trillion total domestic debt obligations of the federal and state governments as well as the FCT as of March 31, 2025, the federal government accounted for the chunk of N74.89 trillion while the balance of N3,869 billion was for the states and FCT.
