Nigeria’s public debt has climbed from N149.38 trillion (97.23 billion dollars) in the first quarter of 2025 to N152.39 trillion (99.65 billion dollars) in the second quarter, according to the National Bureau of Statistics’ Q2 2025 Domestic and Foreign Debt Report. The increase reflects both domestic and external borrowing, underscoring the government’s continued reliance on debt financing to manage fiscal challenges.
The report highlights concerns about Nigeria’s rising debt profile, which has been a recurring issue in economic discussions. Analysts warn that the growing debt burden could impact long-term fiscal sustainability, while officials argue that borrowing remains necessary to fund infrastructure and critical development projects. The latest figures are expected to spark renewed debate on debt management strategies and the need for stronger revenue generation measures.
