Nigeria public debt don waka reach heavy level as e hit N159.28 trillion as at December 31, 2025, according to report wey Debt Management Office (DMO) drop. If you break am down, na like say every single Nigerian dey carry about N724,000 for head like gala seller tray.
This kain number no be small play at all. E show say as country dey go, borrowing no dey slow down. Even as government dey try manage economy, dem still dey enter more debt to run projects and settle national bills.
Another gbege be say, this current figure never even include fresh N8.3 trillion loan wey dem don approve from UAE and UK Export Finance. Meaning say, the debt matter fit still rise like bread wey dem put for oven.
How Nigeria Debt Take Increase Sharp Sharp
If you check am well, Nigeria debt no just jump one day. From September 2025 to December 2025, the money increase by N5.98 trillion, wey be about 3.9% rise in just three months. Na serious jump wey fit make person ask, “who press fast-forward?”
If you come look am from last year December 2024, the debt don grow by N14.61 trillion, wey be 10.1% increase. For dollar side, the debt move from $103.94 billion go reach $110.97 billion. All these figures show say the borrowing matter no dey calm down anytime soon.
With Nigeria population wey dey around 220 million people, e mean say everybody—young, old, even pikin wey never sabi talk—don join share the national debt load.
Local vs Foreign Debt – Who Carry Pass?
Domestic debt still carry first position like senior prefect, as e make up about 53.27% of the total debt. That one na N84.85 trillion. Federal Government alone hold N80.49 trillion, while states and FCT manage N4.36 trillion.
On the other side, external debt dey at N74.43 trillion, wey be 46.73% of the total. For dollar terms, that one na about $51.86 billion. Federal Government still lead here with N66.27 trillion, while states and FCT hold N8.16 trillion.
As debt dey rise like this, experts don dey raise eyebrow about whether Nigeria go fit sustain am. Central Bank of Nigeria (CBN) sef don talk say debt-to-GDP ratio fit reach around 34% by 2026. In simple terms, the country still dey borrow plenty compared to wetin e dey produce—something wey fit cause long-term wahala if care no dey taken.
Table of Contents
Discover more from OGM News NG
Subscribe to get the latest posts sent to your email.
