Nigeria’s total public debt has risen to ₦159.28 trillion as of December 31, 2025, according to the Debt Management Office. The figure represents an increase of ₦5.98 trillion, or 3.9 per cent, from ₦153.29 trillion recorded at the end of September 2025.
The agency said the debt also grew by ₦14.61 trillion year on year, from ₦144.67 trillion in December 2024. In dollar terms, the total debt increased to 110.97 billion dollars, using the Central Bank of Nigeria’s official exchange rate.
Domestic debt remained the largest component at ₦84.85 trillion, accounting for 53.27 per cent of the total, while external debt stood at ₦74.43 trillion, representing 46.73 per cent. The Federal Government accounted for the majority of both domestic and external borrowings.
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The Debt Management Office said the structure of the country’s debt portfolio remained broadly stable, with a continued reliance on domestic borrowing despite the overall increase in total debt.
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