Nigeria’s Debt Stock Grows 90.9% In 3 Years As Borrowing Hits N166.79trn

…FG accounts for N152.77trn
Nigeria’s total public debt stock has grown by 90.9 per cent since President Bola Tinubu assumed office in May 2023, rising from N87.38 trillion to N166.79 trillion, according to the latest figures from the Debt Management Office (DMO).
Of the N166.79 trillion total public debt as of June 30, 2026, the federal government accounted for approximately N152.77 trillion (about 91.6 per cent), while states and the FCT hold the remaining N14.01 trillion (about 8.4 per cent).
DMO data showed Nigeria’s total public debt stood at N87.38 trillion as of June 30, 2023, shortly after Tinubu took office. As of June 30, 2026, the figure has risen almost double to N166.79...