Nigeria’s total public debt has risen to ₦166.79 trillion as of June 30, 2026, according to the latest report from the Debt Management Office (DMO). The new figure represents an increase of ₦7.44 trillion, or 4.7 per cent, from the ₦159.35 trillion recorded at the end of the first quarter of 2026. The DMO’s figures also show that the country’s debt stock increased by ₦14.39 trillion, or 9.4 per cent, compared with the ₦152.4 trillion recorded at the end of June 2025. Domestic debt accounted for ₦91.59 trillion, representing 54.91 per cent of the total debt stock, while external debt stood at ₦75.2 trillion, or 45.09 per cent. The Federal Government accounted for ₦152.77 trillion of the total debt, comprising ₦86.99 trillion in domestic obligations and ₦65.77 trillion in external debt. States and the Federal Capital Territory accounted for the remaining ₦14.01 trillion. The DMO also put Nigeria’s total public debt at $120.93 billion as of June 30, 2026. The agency said the external debt was converted using the Central Bank of Nigeria’s official exchange rate of ₦1,379 to the dollar as of June 30. The latest figures provide a fresh picture of Nigeria’s borrowing position as the government continues to manage its financing needs and public expenditure.
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