Nigeria’s total public debt stock rose to ₦166.79 trillion as of June 30, 2026, according to the latest figures from the Debt Management Office (DMO).
The new total marks an increase of approximately ₦7.44 trillion from the ₦159.35 trillion recorded at the end of March 2026.
The DMO data, released on Saturday, shows the debt continuing its upward trajectory in the second quarter of the year. The figure encompasses both domestic and external obligations of the federal and state governments.
Public reaction on social media highlighted concerns over the pace of the increase. Users questioned the sustainability of the borrowing, its intended uses, and the long-term burden on future generations and the broader economy, including potential pressure on taxes, subsidies, and the cost of essential services.
The Debt Management Office regularly publishes quarterly debt statistics as part of its mandate to manage and report on Nigeria’s public liabilities. Further breakdowns of the domestic-versus-external composition and the share attributable to the federal government versus the states were not detailed in the initial summary circulating online.
As of the latest available figures, the rapid accumulation of debt remains a central issue in discussions about Nigeria’s fiscal position and economic outlook.
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