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Nigeria’s 26 states increase external debt stock by $239 million in H1 2025

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Nigeria’s 26 states increase external debt stock by $239 million in H1 2025

10 Dec, 2025

In the first half of 2025, 26 states in Nigeria increased their external debt by a total of $239 million in fresh borrowings, according to the latest published figures by the Debt Management Office (DMO). According to the debt office, Nigeria’s external debt stood at $46.98 billion. Total state external debt rose only slightly, from $4.8 billion to $4.812 billion, due to aggressive repayments by top indebted states...............................….......READ MORE