Categories: FINANCE

Nigeria’s Debt Surges To ₦152.40 Trillion—Debt Management Office

<h4>Nigeria’s Debt Surges To ₦152&period;40 Trillion<&sol;h4>&NewLine;<h4><&sol;h4>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> has gathered that Nigeria’s total public debt stock has surged to ₦152&period;40 trillion as of June 30&comma; 2025&comma; according to fresh data released by the Debt Management Office &lpar;DMO&rpar; on Saturday&period;<&sol;p>&NewLine;<p>This marks an increase of ₦3&period;01 trillion from the ₦149&period;39 trillion recorded in March 2025 —a 2&period;01&percnt; rise within just three months&period; In dollar terms&comma; the figure rose from &dollar;97&period;24 billion to &dollar;99&period;66 billion&comma; reflecting a 2&period;49&percnt; uptick&period;<&sol;p>&NewLine;<p>The DMO attributed the rise to increased borrowing both locally and internationally to fund fiscal gaps&comma; despite ongoing revenue reforms and foreign exchange liberalisation&period;<&sol;p>&NewLine;<p>A breakdown shows external debt grew from &dollar;45&period;98 billion in March to &dollar;46&period;98 billion &lpar;₦71&period;85tn&rpar; by June&period;<br &sol;>&NewLine;The World Bank remains Nigeria’s largest external creditor with &dollar;18&period;04 billion outstanding&comma; representing 38&percnt; of total external obligations&comma; mostly through the International Development Association&period;<&sol;p>&NewLine;<p>Multilateral lenders collectively hold &dollar;23&period;19 billion &lpar;49&period;4&percnt;&rpar;&comma; including the African Development Bank&comma; IMF&comma; and Islamic Development Bank&period; Bilateral loans stood at &dollar;6&period;20 billion&comma; led by China’s Exim Bank at &dollar;4&period;91 billion&comma; followed by France&comma; Japan&comma; India&comma; and Germany&period;<&sol;p>&NewLine;<p>Commercial loans&comma; primarily Eurobonds&comma; amounted to &dollar;17&period;32 billion&comma; representing 36&period;9&percnt; of external debt&comma; while &dollar;268&period;9 million came from syndicated facilities and <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">commercial bank loans<&sol;a>&period; Analysts warn that Nigeria’s heavy Eurobond exposure increases its vulnerability to global market volatility&period;<&sol;p>&NewLine;<p>On the domestic front&comma; total debt climbed from ₦78&period;76 trillion in March to ₦80&period;55 trillion in June&comma; an increase of ₦1&period;79 trillion or 2&period;27&percnt;&period; Federal Government bonds dominated with ₦60&period;65 trillion&comma; representing 79&period;2&percnt; of local debt&period; This includes ₦36&period;52 trillion in naira bonds&comma; ₦22&period;72 trillion in securitised Ways and Means advances from the CBN&comma; and ₦1&period;40 trillion in dollar bonds&period;<&sol;p>&NewLine;<p>Other instruments comprised Treasury bills &lpar;₦12&period;76tn&rpar;&comma; Sukuk bonds &lpar;₦1&period;29tn&rpar;&comma; savings bonds &lpar;₦91&period;53bn&rpar;&comma; green bonds &lpar;₦62&period;36bn&rpar;&comma; and promissory notes &lpar;₦1&period;73tn&rpar;&period;<&sol;p>&NewLine;

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