At N166trn, Nigeria’s debt-to-GDP nears 40%

Nigeria's total public debt has risen to N166.79 trillion as of June 30, 2026, approaching 40 per cent of GDP and raising concerns about debt sustainability. Data from the Debt Management Office shows a N7.44 trillion increase from N159.35 trillion at the end of March 2026, a 4.7 per cent quarter-on-quarter rise. Domestic debt accounted for N91.59 trillion (54.91 per cent), while external debt was N75.20 trillion (45.09 per cent). In dollar terms, total public debt stood at $120.93 billion.

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