<h4>Nigeria’s Debt Surges To â¦152.40 Trillion</h4>
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<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a></strong> has gathered that Nigeria’s total public debt stock has surged to â¦152.40 trillion as of June 30, 2025, according to fresh data released by the Debt Management Office (DMO) on Saturday.</p>
<p>This marks an increase of â¦3.01 trillion from the â¦149.39 trillion recorded in March 2025 —a 2.01% rise within just three months. In dollar terms, the figure rose from $97.24 billion to $99.66 billion, reflecting a 2.49% uptick.</p>
<p>The DMO attributed the rise to increased borrowing both locally and internationally to fund fiscal gaps, despite ongoing revenue reforms and foreign exchange liberalisation.</p>
<p>A breakdown shows external debt grew from $45.98 billion in March to $46.98 billion (â¦71.85tn) by June.<br />
The World Bank remains Nigeria’s largest external creditor with $18.04 billion outstanding, representing 38% of total external obligations, mostly through the International Development Association.</p>
<p>Multilateral lenders collectively hold $23.19 billion (49.4%), including the African Development Bank, IMF, and Islamic Development Bank. Bilateral loans stood at $6.20 billion, led by China’s Exim Bank at $4.91 billion, followed by France, Japan, India, and Germany.</p>
<p>Commercial loans, primarily Eurobonds, amounted to $17.32 billion, representing 36.9% of external debt, while $268.9 million came from syndicated facilities and <a href="https://www.vanguardngr.com/">commercial bank loans</a>. Analysts warn that Nigeria’s heavy Eurobond exposure increases its vulnerability to global market volatility.</p>
<p>On the domestic front, total debt climbed from â¦78.76 trillion in March to â¦80.55 trillion in June, an increase of â¦1.79 trillion or 2.27%. Federal Government bonds dominated with â¦60.65 trillion, representing 79.2% of local debt. This includes â¦36.52 trillion in naira bonds, â¦22.72 trillion in securitised Ways and Means advances from the CBN, and â¦1.40 trillion in dollar bonds.</p>
<p>Other instruments comprised Treasury bills (â¦12.76tn), Sukuk bonds (â¦1.29tn), savings bonds (â¦91.53bn), green bonds (â¦62.36bn), and promissory notes (â¦1.73tn).</p>

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