Nigeria's public debt rises to N166.79 trillion as of June 2026, DMO says
The Debt Management Office reported updated figures on Nigeria's public debt stock and domestic debt-service payments for the second quarter of 2026.
What happened
Nigeria's total public debt stock rose to N166.79 trillion as of June 30, 2026, according to the Debt Management Office (DMO), marking an increase of N14.39 trillion over one year.12
Domestic borrowing makes up more than half of the total debt.1
Separately, Nigeria's domestic debt-service payments fell to N2.14 trillion in Q2 2026, down from N3.14 trillion in Q1 2026.3
This reflects an increase of N14.39 trillion over one year.1
Domestic borrowing accounts for more than half of the total debt.1
Nigeria's domestic debt-service payments fell to N2.14 trillion in Q2 2026, down from N3.14 trillion in Q1 2026, a decrease of about N1 trillion.3
Key points
What the coverage leaves out
- None of the outlets reviewed reported the government's or DMO's explanation for the rise in debt or the drop in domestic debt-service payments.
- None of the outlets reviewed reported the breakdown between domestic and external debt in monetary terms.
- None of the outlets reviewed reported reactions from economists, lawmakers, or international financial institutions.
Sources (3)
Every outlet we drew on, grouped by where it is based. Read the originals for the full reporting.
Africa
- 1BusinessDayNGPrivate
Nigeria’s public debt rises by N14.39trn in one year to N166.79trn
- 2VanguardNGPrivate
- 3NairametricsNGPrivate
Nigeria’s domestic debt service falls N1 trillion to N2.14 trillion in Q2 2026