Nigeria's debt hits N159.28tn, Lagos and Rivers lead borrowing
Nigeria's total public debt reached N159.28 trillion in Q4 2025, up 3.90% from N153.29 trillion in Q3, according to NBS data released Monday. The debt breakdown shows external debt at N74.43 trillion (46.73%) and domestic debt at N84.85 trillion (53.37%).
At state level, Lagos leads with highest domestic debt (N1.22 trillion) and external debt ($1.17 billion), while Rivers follows with N378.81 billion domestic debt. Jigawa has lowest domestic debt at N1.60 billion, with FCT recording lowest external debt at $26.80 million.
The report reveals widening debt levels across federal and state governments, with major economic hubs like Lagos and Rivers taking the lead in borrowing. This trend could impact future infrastructure projects, service delivery, and economic policies affecting ordinary citizens.
What does this debt trajectory mean for your future taxes, infrastructure development in your area, and potential economic reforms in your state?