Nigeria public debt bin go up by N14.61 trillion for 2025 — DMO

Di total money wey Nigeria owe (public debt) don increase by N14.61 trillion compared to last year, reach N159.28 trillion as at December 31, 2025. Dis na according to new numbers wey Debt Management Office (DMO) release.

Di figures show sey di country debt stock rise from N144.67 trillion wey dem record for December 2024, wey be 10.1% increase for one year.

If you check am for dollars, Nigeria public debt climb from $94.23 billion for December 2024 go $110.97 billion for December 2025 — wey be $16.75 billion increase.

If you compare am with last three months, total public debt still rise from N153.29 trillion for September 2025 go N159.28 trillion for December 2025, wey be N5.98 trillion or 3.9% increase.

If you break di numbers down, domestic debt (money wey owe inside Nigeria) still be di biggest part of Nigeria total debt stock, wey be 53.27% as at December 2025.

Domestic debt rise from N74.38 trillion for December 2024 go N84.85 trillion for December 2025 — wey be year-on-year increase of N10.47 trillion or 14.1%. For quarterly basis, e grow by N3.03 trillion from N81.82 trillion wey dem record for September 2025.

For dollars, domestic debt increase from $48.44 billion for December 2024 go $59.12 billion for December 2025 — wey show sey Nigeria still dey rely on local borrowing to cover fiscal deficits.

Federal Government carry most of domestic debt — N80.49 trillion, wey be 50.53% of total public debt — while states and Federal Capital Territory carry N4.36 trillion.

External Debt (outside borrowing) see small growth

Nigeria external debt stand at N74.43 trillion for December 2025, wey be 46.73% of total public debt.

Dis na year-on-year increase of N4.14 trillion from N70.29 trillion wey dem record for December 2024, and quarter-on-quarter rise of N2.95 trillion from N71.48 trillion for September 2025.

For dollars, external debt rise from $45.78 billion for December 2024 go $51.86 billion for December 2025.

Federal Government carry N66.27 trillion of di external debt, while states and FCT carry N8.16 trillion.

Even with di overall increase, di way Nigeria debt dey arranged still remain stable, with small preference for local borrowing.

Domestic debt be 53.27% of total debt for December 2025, compared to 51.41% for December 2024, while external debt drop small from 48.59% to 46.73% for di same period.

DMO note sey di December 2025 figures na provisional, and dem convert am using Central Bank of Nigeria official exchange rate of N1,435.2571 per dollar.