Nigeria’s debt hits N159.3trn as government borrows N14.6trn in 1 year

Nigeria’s total public debt has climbed to N159.27 trillion, rising by N14.6 trillion in just one year as the federal and state governments continue to borrow to fund their operations and projects.
The latest figure released by the Debt Management Office (DMO) shows that the country’s debt rose from N144.67 trillion at the end of December 2024 to N159.27 trillion by December 31, 2025.
The increase means that Nigeria added about N14.6 trillion to its debt burden in 12 months, representing a 10.1 per cent rise.
The debt also increased by N5.98 trillion from N153.29 trillion recorded at the end of September 2025.
The latest debt stock covers the obligations of the federal government,...