🇳🇬 NIGERIA’S PUBLIC DEBT HITS ₦166.79 TRILLION AS DEBT STOCK RISES BY ₦14.39 TRILLION IN ONE YEAR

Nigeria’s total public debt stock rose to ₦166.79 trillion as of June 30, 2026, according to the latest figures released by the Debt Management Office (DMO).
The DMO published the debt report on September 25, 2026, showing that the country’s debt increased from ₦152.40 trillion in June 2025 to ₦166.79 trillion a year later — an increase of ₦14.39 trillion, or about 9.4 per cent.
Debt Management Office Nigeria +1
The figure also represents a ₦7.44 trillion increase from the ₦159.35 trillion recorded at the end of March 2026, equivalent to approximately 4.7 per cent growth in three months.
The Guardian Nigeria
Domestic debt accounts for larger share
According to the DMO data, domestic debt stood at ₦91.59 trillion, representing 54.91 per cent of the total public debt.
External debt accounted for ₦75.20 trillion, or 45.09 per cent.
In dollar terms, Nigeria’s total public debt was valued at approximately $120.93 billion as of June 30, 2026.
The Guardian Nigeria
The debt figures cover the obligations of the Federal Government, Nigeria’s 36 states and the Federal Capital Territory.
Debt Management Office Nigeria
Federal Government holds the largest portion
The Federal Government accounted for approximately ₦152.77 trillion of the total debt, while the states and FCT collectively accounted for about ₦14.01 trillion.
Legit.ng – Nigeria news.
The latest figures have renewed public discussion around Nigeria’s borrowing, debt servicing, government revenue and how borrowed funds are being deployed.
The rise in the naira value of the debt stock, however, should not automatically be interpreted as equivalent to new borrowing alone, as exchange-rate movements can also affect the naira value of foreign-currency debt.
The Guardian Nigeria
With the DMO’s latest figures now public, attention is expected to remain focused on Nigeria’s debt-management strategy and the economic outcomes associated with the country’s borrowing.
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