Nigeria’s public debt stock increased from N149.38 trillion ($97.23 billion) in the first quarter of 2025 to N152.39 trillion ($99.65 billion dollars) in the second quarter of 2025, a 2.01 per cent growth on a quarter-on-quarter basis.
The National Bureau of Statistics (NBS) said this in its Nigerian Domestic and Foreign Debt Report for Q2 2025 released in Abuja on Monday.
The report said that Nigeria’s public debt stock, which included external and domestic debts, grew by 2.01 per cent on a quarter-on-quarter basis.
The stats office report revealed that external debt stood at N71.84 trillion ($46.98 billion), while domestic debt was N80.55 trillion ($52.67 billion) within the period.
The report said that the share of external debt to total public debt(in Naira value) stood at 47.14 per cent in Q2 2025, while the share of domestic debt to total public debt was 52.86 per cent.’’
In a breakdown by states, the bureau said that Lagos state recorded the highest domestic debt of N1.04 trillion in Q2 2025, followed by Rivers with N364.39 billion.
The report showed that Jigawa recorded the lowest domestic debt at N852.49 million, followed by Ondo at N10.64 billion.
The NBS said that Lagos state also recorded the highest external debt in Q2 2025 with 1.04 billion Dollars, followed by Kaduna state with 658.70 million Dollars.
“The Federal Capital Territory(FCT) recorded the lowest external debt in Q2 2025 with 19.26 million Dollars,” the report said.
Business Post reports that the domestic debt is reported in the local currency while the external debt is quoted in Dollars, the primary global reserve currency which makes up the most denomination of international loans.