Nigeria’s external debt servicing hits $1.08 billion in Q4 2024 – DMO 

This is according to the latest data released by the Debt Management Office (DMO).

Naijaonpoint had earlier reported that Nigeria’s total debt service costs climbed to N3.57 trillion in the third quarter of 2024, up by N60 billion or 1.71% from N3.51 trillion in Q2.

The report, which covers the breakdown of external debt service payments by creditor category, revealed that multilateral loans accounted for the largest share of debt service, followed by commercial and bilateral loans.

Other key payments include: 

Nigeria’s rising external debt service obligations come amid increasing concerns over the country’s debt sustainability, exchange rate volatility, and foreign reserve pressures.

The significant payments to multilateral and commercial lenders—particularly the IMF and Eurobond holders—highlight the weight of non-concessional financing on the country’s external obligations.