₦airaland Forum

Domestic debt remained the largest contributor to total debt stock, accounting for 53.27% as of December 2025.

Nigeria’s total public debt increased to N159.28 trillion as of December 31, 2025.


Total public debt rose from N153.29 trillion recorded at the end of September 2025 to N159.28 trillion in December 2025, according to the latest data released by the Debt Management Office (DMO) on Tuesday.

The increase indicates a quarter-on-quarter increase of N5.98 trillion or 3.9%.

The DMO noted that the December 2025 figures are provisional and were converted using the Central Bank of Nigeria’s official exchange rate of N1,435.2571/$, while the September 2025 figures used N1,474.85/$.

Marking an increase of N14.61 trillion or 10.1%, on a year-on-year basis, Nigeria’s public debt rose from N144.67 trillion in December 2024 to N159.28 trillion in December 2025.


This represents a rise from $94.23 billion to $110.97 billion, an increase of $16.75 billion, in dollar terms.

Domestic debt remained the largest, rising from N81.82 trillion in September 2025 to N84.85 trillion in December 2025.

This represents a quarter-on-quarter increase of N3.03 trillion or 3.7% compared to December 2024, when domestic debt stood at N74.38 trillion – the figure increased by N10.47 trillion or 14.1% year-on-year.

In dollar terms, domestic debt rose from $55.47 billion in September 2025 to $59.12 billion in December 2025, and from $48.44 billion in December 2024. This highlights a sustained reliance on the domestic market for financing.


The Federal Government accounted for the bulk of domestic debt at N80.49 trillion, representing 50.53% of total public debt, while states and the Federal Capital Territory accounted for N4.36 trillion.

Nigeria’s external debt stood at N74.43 trillion as of December 2025, representing 46.73% of total public debt.

This reflects a quarter-on-quarter increase of N2.95 trillion from N71.48 trillion in September 2025, and a year-on-year increase of N4.14 trillion from N70.29 trillion recorded in December 2024.

In dollar terms, external debt rose from $48.46 billion in September 2025 to $51.86 billion in December 2025, and from $45.78 billion in December 2024.


The Federal Government continued to dominate external borrowing, accounting for N66.27 trillion of the total external debt, while states and the FCT accounted for N8.16 trillion.

However, the structure of Nigeria’s debt portfolio remained broadly stable despite the increase in overall debt.

While domestic debt accounted for 53.27% of total debt in December 2025, compared to 53.37% in September 2025 and 51.41% in December 2024, external debt stood at 46.73% in December 2025, compared to 46.63% in September 2025 and 48.59% a year earlier.

https://www.channelstv.com/2026/04/15/nigerias-public-debt-hits-%e2%82%a6159-28trn-in-december-dmo/

Food don ready. Lets get the bashing started

A female mod brought this thread to FP

Even HELINUES and YARIMO data boys go shake their heads if them view this one..

Oil dependency.

So long as the major income for government revenue is oil money, we are going to keep on borrowing, even if we destroy corruption in this country.

Oil dependency.

Tinubu and his people truly roasted Nigeria as a country.

Why remove subsidy then.. ?

See debt..

Why come Dey attack Jonathan . That his government is too corrupt, when you know say na saint.. and that you Dey call am mumu as per your evil plan wey Dey your mind

Tinubu asiwaju bola Ahmed is an evil being with a dark mind towards humanity

Only pretending all this while in oppostion as the man with his origins identity


God help the next president to push and pull Nigeria and Nigeria s

dibunotion:
Food don ready. Lets get the bashing started

awon oloriburuku ni awon people yi se

AqualinaXYZ:
Tinubu should have just focused on cocaine which is what he knows how to do best



Wetin concern heroin taker with governance ?




Yoruba people so this is the best man in your region ?



Was this the so hyped Tinubu yall placed your bet on?

And they said PDP was party of corruption and corrupt humans

See southwest and governance

Tueh!

I listened to Zacch Adedeji (PhD), Sen. Godswill Akpabio and PBAT yesterday during the commissioning of the NRS Head Office and indeed I concluded that Nigeria's economic fortunes is irredeemable and would be worse if the citizens don't take action in the next election cycle swiftly.

Gullible Nigerians are being deceived on the largest scale Post' 1960 Independence and majority of the uninitiated and unenlightened population are falling for it.

The roll-out of manipulated data, statistics and histograms are the most pronounced by any Government Post'99.

Firstly, the biggest money Illusion was created by the devaluation of the Naira from official rates of N485-$1 as at May 2023 to N1,400 - $1. This is a 300% (x3) devaluation in the Naira.

FIRS now NRS cleverly used comparison in revenues in From May 2023 - FY 2025 in Naira (N) to make revenues humongous considering the FX collection of Petroleum Tax, NUPRC Royalties, Levies and OML licenses & NNPC remittance collected in $.

Secondly, The hyper-Inflation triggered by the PMS subsidy removal caused consumables and household items like food, beverages, Oils and Cement to thriple (x 3) whilst VAT taxes surged accordingly at 7.5%. This accounted for the high illusionist revenues celebrated.

Thirdly, During the Goodluck Jonathan (PhD) era, Oil Production surged to btw 2mpbd - 2.3mpbd range with a crude price at above $100 per Barrel. He struggled to pay salaries because the FX rates were $1-N184.

⁩For FAAC Allocation and the claims that subsidy removal increased Allocation to states just understand the "Money Illusion" concept.

Average monthly FAAC Allocation before subsidy removal =N800B (@N475 -$1) = $1,684,210,000

2025 Monthy =N2trn (@ N1,450-$1)
= $1,379,000,000

Check out the effect of Devaluation and see that FAAC is lower in dollar terms.

I thought Reno Omockry said the debt is decreasing because Tinubu is repaying it?

All these recycled news.

Obi: You have borrowed more than OBJ, YarDua, GEJ, PMB combined in 3 years
Tinubu: Na statistic we go chop!!!

“When Buhari came in, our borrowing was about N13 trillion; when he left, it was N87 trillion. Today, we’re hitting N200 trillion without anything to show for it. Subsidy has been removed in petroleum and power, and yet we have borrowed more. Our budgets are not financed. In the… pic.twitter.com/QiqBy7NtuY

— Chima Echefule (@Chimacoeche) April 14, 2026

Okwutemaven:
Even HELINUES and YARIMO data boys go shake their heads if them view this one..

they will still find a way to spin it around...anyone supporting this government despite everything happening deserve not to wake up at all

I thought Tulumbu has paid them off?


Or he is still tasting the microphone with his tongue

South west people ndewo..master strategist indeed....make tinubu win next year..it will definitely get to 500trn plus

And the projected debt for 2026 is between N180trn to 200trn+

That’s why he’s fighting like a tiger for another term because of the monumental fraud in his first term alone

Odin13:
Tinubu and his people truly roasted Nigeria as a country.

Why remove subsidy then.. ?

See debt..

Why come Dey attack Jonathan . That his government is too corrupt, when you know say na saint.. and that you Dey call am mumu as per your evil plan wey Dey your mind

Tinubu asiwaju bola Ahmed is an evil being with a dark mind towards humanity

Only pretending all this while in oppostion as the man with his origins identity


God help the next president to push and pull Nigeria and Nigeria s

Will they not say that Tinubu watered the ground?
That he has already made everything possible for the next government build on.

Be patient Tulumbu is fixing the country …. Before you know this year don go….last last they’ll bring another propaganda

Buhari left a damaged economy….

If you take your gadget to a repairman, and he damages it more than he met it…. Do you continue giving the repairman time to destroy your gadget or you take it away from him and even LOCK HIM UP ?

This is what laptop boys like Yarimo and Putindbutt and other criminals here failed to understand

Do you know the commissioned NRS building was built by a Chinese company.

dibunotion:
Food don ready. Lets get the bashing started

When PO said is almost 200 trillion people no believe.

Nigeria is in trouble ooo

It used to be around 150 trillion naira about 100 billion dollars as at 2025 December but now has increased by 9trilliob naira

So where did mr Obi got his own figure from? Probably, the mad man whispers it!

600k each


For money when I nor eat

Abeg let's offer this government advice how to turn this economy around, politics aside. Na we this things de affect pass

all thanks to Pablo Escobar of Nigeria, and his addicted hungry zombie miscreants will not say or see anything about it.

Tinubu na just 200 million go solve my problem o
And I go create jobs for 1billion youths
Reason my matter na

Subsidy is gone. Nigeria still borrowing more than graves. Ask them what they have done with the loans, stealing to fill their pockets.

Ibehchizzy:
Tinubu na just 200 million go solve my problem o
And I go create jobs for 1billion youths
Reason my matter na

How you go channel the money create the jobs?

KendoXR:
How you go channel the money create the jobs?

i waaas only joking naaa

[quote author=nairalanda1 post=139106411]Oil dependency.

So long as the major income for government revenue is oil money, we are going to keep on borrowing, even if we destroy corruption in this country.

Oil dependency.[/quote

I was expecting to find you here. We will soon know who you are working for. So what will you say about other countries that have secured their future depending on oil
Defender of rubbish.