Nigeria’s total public debt increased to N166.79 trillion by the end of June 2026, representing a N7.44 trillion rise from the N159.35 trillion recorded three months earlier.
The latest figures released by the Debt Management Office (DMO) showed that the country’s debt stock increased between the end of March and June 30, 2026.
Domestic debt accounted for the larger share of the total, standing at N91.59 trillion, which represents 54.91 per cent of the overall debt portfolio. External debt made up the remaining portion.
When converted to dollars, Nigeria’s total public debt stood at approximately $120.93 billion. The figure consisted of $54.52 billion in external obligations and $66.41 billion in domestic debt.
The external debt was converted using the Central Bank of Nigeria’s official exchange rate of N1,379.1842 to the dollar as of June 30, 2026.
The Federal Government accounted for the largest portion of the country’s overall debt. Its total debt stood at N152.77 trillion, made up of N86.99 trillion in domestic obligations and N65.77 trillion in external debt.
State governments and the Federal Capital Territory accounted for the remaining N14.01 trillion. Their combined debt comprised N4.59 trillion in domestic debt and N9.42 trillion in external obligations.
Within the Federal Government’s domestic debt portfolio, bonds remained the dominant category, with N64.84 trillion outstanding. This represented 74.53 per cent of the government’s domestic debt.
Nigerian Treasury Bills followed with N19.48 trillion, accounting for 22.39 per cent of the Federal Government’s domestic debt.
Other instruments included FGN Sukuk valued at N1.19 trillion and promissory notes worth N1.22 trillion. The promissory notes comprised N206.82 billion in naira-denominated obligations and N1.01 trillion in foreign-currency-denominated notes.
FGN savings bonds stood at N122.45 billion, while the government’s green bond was valued at N47.36 billion.
The latest figures highlight the continued growth in Nigeria’s public debt portfolio, with domestic obligations making up more than half of the total debt stock as of June 2026.
Source: Debt Management Office (DMO).
