Nigeria’s total public debt rose to ₦149.38 trillion in Q1 2025, up from ₦144.67 trillion in Q4 2024, a 3.3% increase, as reported by TheCable and confirmed by the Debt Management Office (DMO).
- Total public debt now stands at ₦149.38 trillion, up by ₦4.72 trillion.
- Domestic debt accounted for ₦78.75 trillion; external debt ₦70.63 trillion.
- The federal government holds ₦74.88 trillion of the domestic portion.
- Subnational domestic debt dropped to ₦3.86 trillion by March 2025.
- Compared to Q4 2024, federal domestic debt rose from ₦70.4 trillion.
- State and FCT debts reduced from ₦5.82 trillion to ₦3.97 trillion since June 2023.
- NOA credits increased FAAC allocations for helping reduce state debt.
Weight of Numbers: Nigeria’s Debt Rises to ₦149trn in Q1 2025
As the nation tallies up trillions, the debt burden tells more than just an economic story, it speaks to decades of deferred responsibility, shifting pressures, and fragile recovery plans.
