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DEBT MANAGEMENT OFFICE
Nigeria’s 36 states and the Federal Capital Territory (FCT) increased their combined domestic debt by N67.57 billion to N4.59 trillion in the second quarter of 2026, driven largely by a sharp rise in Delta State’s obligations.
Nigeria paid $870.73 million to service its external debt in the second quarter of 2026, with interest payments accounting for more than half of the total.
Nigeria’s total public debt stock rose to N166.79 trillion as of June 30, 2026, with domestic debt accounting for N91.59 trillion, or 54.91% of the total portfolio.
The Federal Government, through the Debt Management Office (DMO), has announced the allotment of the September 2025 FGN Savings Bonds, totaling N3.05 billion across the two-year and three-year tenors.
The Federal Government has approved Nigeria’s Medium-Term Debt Management Strategy (MTDS) for 2024–2027, aimed at ensuring debt sustainability, improving fiscal stability, and deepening the domestic securities market.
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has announced the offering of N200 billion in bonds subscription by auction in August 2025.
Nigeria’s ten least indebted states owed a combined total of N191.8 billion in domestic debts in Q1 2025, according to the Debt Management Office (DMO).
The Debt Management Office (DMO) has announced the successful allotment of the Federal Government of Nigeria (FGN) Savings Bonds for the month of July 2025, with a total allotment of N4.27 billion.
The Debt Management Office (DMO) has debunked claims that the Federal Government of Nigeria (FGN) spent N611.71 billion to service a domestic US Dollar-denominated bond in March 2025.
The Federal Government spent N611.71 billion in March 2025 servicing its first-ever US dollar-denominated bond issued within the domestic market, making it the single largest domestic debt service item for the month and highlighting the rising cost of FX-linked obligations in Nigeria’s debt profile.
Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, marking a year-on-year increase of N27.72 trillion or 22.8% when compared to the N121.67 trillion recorded in the corresponding period of 2024.
Nigeria’s promissory notes fell by 15.6% quarter-on-quarter between December 2024 and March 2025, according to the Debt Management Office (DMO).