Nigeria’s total public debt rose to ₦159.28 trillion as of December 31, 2025, according to the latest figures released by the Debt Management Office (DMO) on Tuesday.
The debt stock increased by ₦5.99 trillion from ₦153.29 trillion recorded at the end of September 2025, representing a quarterly rise of approximately 3.9%.
On a year-on-year basis, the public debt grew by ₦14.61 trillion or 10.1% from ₦144.67 trillion in December 2024.
The increase is attributed to fresh domestic and external borrowings during the period. The DMO noted that the December 2025 figures are provisional, with naira conversions based on the Central Bank of Nigeria’s official exchange rate.
This latest surge brings Nigeria’s total public debt close to the ₦160 trillion mark, highlighting the continued reliance on borrowing to finance government operations and projects.
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