Nigeria’s total public debt stock climbed to N152.39 trillion (US$99.65 billion) in the second quarter of 2025 (Q2 2025), up from N149.38 trillion (US$97.23 billion) recorded in the first quarter of the year, according to new data released on Monday by the National Bureau of Statistics (NBS).
This represents a quarter-on-quarter increase of 2.01 percent.
In its report published on its website, the NBS revealed that external debt rose to N71.84 trillion (US$46.98 billion) in Q2 2025, while domestic debt stood at N80.55 trillion (US$52.67 billion).
The figures show that external debt accounted for 47.14 percent of the country’s total debt stock in naira terms, while domestic debt accounted for 52.86 percent.
Lagos State maintained its position as the most indebted state domestically with N1.04 trillion in Q2 2025, followed by Rivers State with N364.39 billion.
Jigawa State recorded the lowest domestic debt at N852.49 million, with Ondo State next at N10.64 billion.
In terms of external debt, Lagos State again topped the list with US$1.04 billion, followed by Kaduna State with US$658.70 million.
The Federal Capital Territory (FCT) recorded the lowest external debt at US$19.26 million, while Yobe State trailed closely with US$23.08 million.
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