ABUJA, Nigeria (FN), Nigeria’s total public debt stock has climbed to one hundred fifty-nine point two eight trillion naira, according to new figures released by the Debt Management Office (DMO).
The figure represents the combined domestic and external debts of the federal government, thirty-six states, and the Federal Capital Territory as of March 2026. Officials said the increase reflects new borrowings to finance budget deficits, infrastructure projects, and debt restructuring measures.
The DMO noted that while Nigeria’s debt remains within sustainable limits relative to GDP, rising debt service costs continue to strain government finances. Analysts warn that heavy reliance on borrowing could limit fiscal flexibility and crowd out spending on social programs.
Nigeria has faced mounting economic challenges in recent years, including inflation, currency pressures, and declining oil revenues. The government has pledged to diversify the economy and improve revenue generation to reduce dependence on debt financing.
