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Nigeria's Debt Surges to ?152.40 Trillion Amid Concerns

10/12/2025

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Summary

Story summary

Nigeria's public debt reached ?152.40 trillion as of June 30, 2025, up ?3.01 trillion in three months.
External debt stood at $46.98 billion, while the World Bank remained the largest external creditor at $18.04 billion.
The Tinubu administration secured multiple loans this year, including a $747 million infrastructure loan and a $1 billion loan for agriculture.
Experts warn debt servicing costs exceed the education and health budgets, raising concerns about fiscal sustainability.

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Story summary

Nigeria's public debt reached ?152.40 trillion as of June 30, 2025, up ?3.01 trillion in three months.
External debt stood at $46.98 billion, while the World Bank remained the largest external creditor at $18.04 billion.
The Tinubu administration secured multiple loans this year, including a $747 million infrastructure loan and a $1 billion loan for agriculture.
Experts warn debt servicing costs exceed the education and health budgets, raising concerns about fiscal sustainability.