Nigeria’s total public debt stock has risen to N159.35 trillion as of March 31, 2026, representing an increase of almost N10 trillion within one year, according to the latest figures released by the Debt Management Office (DMO).
The latest debt position highlights the continued growth in Nigeria’s borrowing obligations as the Federal Government and sub-national governments seek financing for budget deficits, infrastructure projects and other public expenditure.
The increase has renewed discussions about the country's debt sustainability and the need for stronger revenue generation, fiscal discipline and prudent management of borrowed funds.
Nigeria's rising debt stock has remained a major issue in economic policy discussions, particularly amid concerns over debt-service obligations and the resources available to fund essential sectors such as healthcare, education and infrastructure.
The DMO regularly publishes updates on the country's debt position as part of efforts to promote transparency in public debt management.
Economic stakeholders have continued to call for measures that would reduce excessive reliance on borrowing while improving domestic revenue mobilisation and ensuring that borrowed funds are directed towards productive investments capable of generating economic growth.
The latest figures are expected to further fuel debate over Nigeria's fiscal strategy and the government's approach to managing its growing debt obligations.
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