Fresh statistics from the Debt Management Office show that Nigeria’s overall public debt increased to N153.29 trillion, equivalent to $ 103.94 billion, as of September 30, 2025.
The conversion relied on the official Central Bank of Nigeria rate of N1,474.85 to the dollar at the conclusion of the review year.
Domestic borrowing makes up most of the country’s debt profile right now, the statistics reveal. Representing 46.63 percent of the total, external debt stood at $48.46 billion, or N71.48 trillion. About N81.82 trillion, or 53.37 percent, domestic debt climbed to 55.47 billion dollars.
At N61.9 trillion, or around 80% of local debt, the federal government of Nigeria bonds make up the majority of the domestic portfolio. N12.68 trillion is Treasury Bills, whereas Sukuk bonds total N1.29 trillion. N60.64 trillion of naira bonds make up the domestic category; dollar-denominated local bonds comprise N1.35 trillion.
The News Chronicle notes that states and the Federal Capital Territory contribute around N4 trillion, while the Federal Government carries most of the burden at N77.81 trillion.
Following concerns about publication delays for revised numbers, the most recent version is now available. Analysts note that the growing domestic share results from increased reliance on local investors, including banks and pension funds, even while debt sustainability and income mobilisation remain important policy issues
