Nigeria’s total public debt climbed to N152.40 trillion as of June 30, 2025, up from N149.39 trillion at the end of March, according to the latest figures released by the Debt Management Office (DMO).
The rise represents a N3.01 trillion increase within three months, or 2.01 per cent.
In dollar terms, the debt stock expanded from $97.24 billion to $99.66 billion, an uptick of 2.49 per cent, as both external and domestic obligations inched upward amid a weaker naira and persistent fiscal pressures.
The DMO report revealed that Nigeria’s external debt stood at $46.98 billion (N71.85 trillion) in June, compared to $45.98 billion (N70.63 trillion) in March. Multilateral institutions remained the largest creditors, with combined exposure of $23.19 billion, representing 49.4 per cent of total external liabilities.
The World Bank, through its International Development Association (IDA) arm, accounted for the biggest share at $18.04 billion.
Bilateral loans totalled $6.20 billion, led by the Export-Import Bank of China with $4.91 billion, followed by smaller exposures to France, Japan, India, and Germany. Commercial borrowings, largely Eurobonds, stood at $17.32 billion, making up 36.9 per cent of external debt, while syndicated and commercial bank loans accounted for $268.9 million.
