Nigeria’s total public debt rose by ₦7.44 trillion in just three months, climbing from ₦159.35 trillion in March to ₦166.79 trillion by June 2026, according to fresh figures released by the Debt Management Office (DMO).

The latest increase represents a 4.7 per cent rise in the country’s debt stock within the three-month period, with the new figures covering the obligations of the Federal Government, the 36 states and the Federal Capital Territory.

The DMO released the updated debt portfolio on September 25, showing that domestic borrowing continued to account for the larger portion of Nigeria’s total indebtedness.

Domestic obligations stood at 54.91 per cent of the total debt as of June, while external debt accounted for the remaining 45.09 per cent.

The Federal Government accounted for the bulk of the country’s debt, with its total obligations put at ₦152.77 trillion.

The figures indicate that government borrowing and other debt obligations increased substantially between the end of the first and second quarters of 2026, adding more than ₦7 trillion to the national debt burden.

The latest DMO report provides an updated picture of Nigeria’s indebtedness as at June 2026, coming amid continuing government efforts to finance public expenditure and other obligations.