Nigeria’s public debt, which consists of external and domestic, hit ₦152.39 trillion in the second quarter (Q2) of 2025.
In the period under review, Lagos State topped the chart of debtors.
The National Bureau of Statistics (NBS), which made this disclosure on Monday said external debt rose to ($99.65billion) in Q2 2025 from ₦149.38trillion ($97.23billion) in Q1 2025.
The NBS report said the debt indicated a growth rate of 2.01 per cent on a quarter-on-quarter basis.
It said the total external debt stood at ₦71.84 trillion $46.98billion) in Q2 2025, while total domestic debt was ₦80.55 trillion ($52.67billion).
“The share of external debt (in naira value) to total public debt was 47.14per cent in Q2 2025, while the share of domestic debt (in naira value) to total public debt was 52.86per cent. Lagos recorded the highest domestic debt in Q2 2025 with ₦1.04trillion, followed by Rivers with N364.39billion, while Jigawa recorded the lowest with ₦852.49million, followed by Ondo with ₦10.64billion. followed by Yobe with $23.08 million.
The report said the Federal Government has a total of ₦141.07trillion debt with N64.48trillion from external borrowers and ₦76.58trillion from domestic borrowers.
States on the other hand have a total of ₦11.32trillion debt with ₦7.35trillion collected from foreign borrowers and ₦3.96trillionn from domestic borrowers.
Credit: thenationonlineng.net
