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Nigeria’s debt hits N159.3trn as government borrows N14.6trn in 1 year

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Nigeria’s debt hits N159.3trn as government borrows N14.6trn in 1 year

10 Aug, 2026

Nigeria’s total public debt has climbed to N159.27 trillion, rising by N14.6 trillion in just one year as the federal and state governments continue to borrow to fund their operations and projects. The latest figure released by the Debt Management Office (DMO) shows that the country’s debt rose from N144.67 trillion at the end of December 2024 to N159.27 trillion by December 31, 2025. The increase means that Nigeria added about N14.6 trillion to its debt burden in 12 months, representing a 10.1 per cent rise.......................….......READ MORE