Nigeria’s total domestic debt service reached N1.707 trillion in the second quarter of 2025 (April–June).
This is according to the latest figures released by the Debt Management Office (DMO) on its official website.
The data shows that the country spent N1.686 trillion on interest payments across multiple debt instruments and N20.14 billion on principal repayments, bringing the total to N1,707,087,151,475.90 for the three-month period.
A breakdown of the figures indicates that Federal Government of Nigeria (FGN) Bonds and Nigerian Treasury Bills (NTBs) accounted for the bulk of the debt service payments, reflecting the government’s continued reliance on domestic borrowing to finance budgetary deficits.
Nigeria’s domestic debt service peaked in April 2025 at N805.31 billion, before dropping to N423.10 billion in May and slightly rising to N478.67 billion in June.
More insights
The DMO reported that Nigeria’s total domestic debt stock has risen to N76.59 trillion as of mid-2025.
The figures show that Federal Government Bonds (FGN Bonds) continue to dominate the country’s domestic debt portfolio, accounting for N60.65 trillion, or 79.18 percent of the total.
The updated report provides a detailed breakdown of Nigeria’s debt instruments, revealing a consistent reliance on bonds and treasury bills to finance government operations and manage fiscal shortfalls.