Nigeria’s Debt Hits ₦152.4trn — Rises By ₦3trn In Three Months

Nigeria’s total public debt has surged to ₦152.40 trillion as of June 30, 2025, climbing by about ₦3 trillion from ₦149.39 trillion recorded at the end of March this year, according to the latest data released by the Debt Management Office (DMO).

The figures, posted on Saturday by Nigerian Stories via its official X handle, represent combined domestic and external debts of the Federal Government, 36 states, and the Federal Capital Territory (FCT).

The steady rise in debt has continued to stir concerns among economists and financial analysts who warn that the country may be heading toward a debt sustainability crisis, given the huge portion of government revenue currently spent on servicing obligations.

Experts say the fresh increase reflects the federal government’s growing dependence on borrowing to finance budget deficits, implement infrastructure projects, and cushion the impact of economic reforms.

Nigeria’s debt has grown significantly over the past few years, with rising interest payments and exchange rate depreciation further compounding the burden.
Analysts have urged the Tinubu administration to take decisive steps toward expanding the country’s revenue base, cutting recurrent expenditure, and prioritising borrowings for projects that can stimulate real economic growth.

While the government maintains that its borrowings are strategic and aimed at long-term development, many Nigerians are increasingly worried about the pace at which the country’s debt continues to mount, even as living costs remain high and fiscal pressures deepen.