Nigeria’s Public Debt Jumps to N152.39trn in Q2 2025 — NBS Report

• Nigeria’s public debt climbed to N152.39 trillion in the second quarter of 2025, reflecting a 2.01% increase from the previous quarter, according to new data released by the National Bureau of Statistics.

Nigeria’s public debt stock has grown from N149.38 trillion (97.23 billion dollars) in the first quarter of 2025 to N152.39 trillion (99.65 billion dollars) in the second quarter of 2025. This is according to the Nigerian Domestic and Foreign Debt Report for Q2 2025 released by the National Bureau of Statistics (NBS) on Monday in Abuja.

The report shows that the country’s total public debt—which comprises both external and domestic obligations—increased by 2.01% on a quarter-on-quarter basis.

According to the NBS, external debt stood at N71.84 trillion (46.98 billion dollars), while domestic debt amounted to N80.55 trillion (52.67 billion dollars) within the period reviewed. The share of external debt to total public debt was 47.14%, while domestic debt accounted for 52.86%.

A state-by-state breakdown revealed that Lagos State maintained the highest domestic debt at N1.04 trillion, followed by Rivers State with N364.39 billion. Jigawa State recorded the lowest domestic debt at N852.49 million, with Ondo State following at N10.64 billion.

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In terms of external borrowings, Lagos State again topped the list with 1.04 billion dollars, trailed by Kaduna State with 658.70 million dollars. The Federal Capital Territory (FCT) recorded the lowest external debt in Q2 2025 at 19.26 million dollars.

The NBS report highlights the continued rise in Nigeria’s debt profile amid economic pressures and ongoing fiscal adjustments.