The Digest:
According to the Debt Management Office (DMO), Nigeria's total public debt stock climbed to ₦152.40 trillion as of June 30, 2025, marking a ₦3.01 trillion increase in just three months, driven by borrowing to fund fiscal deficits. Rooted in the Storm.
Key Points:
- Nigeria's public debt stock rose to ₦152.4 trillion as of June 2025.
- This represents a ₦3.01 trillion increase from the ₦149.39 trillion recorded in March.
- The DMO attributed the rise to increased domestic and external borrowing.
- External debt grew to $46.98 billion, with the World Bank as the largest creditor.
- Domestic debt increased to ₦80.55 trillion, dominated by Federal Government bonds.
- Analysts warn that heavy Eurobond exposure increases vulnerability to global market shifts.
- Online reactions ranged from cynical humor to deep concern over the escalating figures.
Sources: DMO
