Nigeria's Debt Management Office (DMO) reported that the country's total public debt rose to N153.29 trillion by September 30, 2025, marking an increase from N152.40 trillion as of June 30, 2025. This increase of N893.87 billion within three months reflects a continued trend of accumulating both domestic and external obligations. While the overall debt growth is concerning, it highlights the sustained financial pressure on the nation as it navigates economic challenges.

In dollar terms, Nigeria's total debt rose from approximately $99.66 billion in June to about $103.94 billion in September, representing a $4.28 billion increase. This uptick indicates a 4.29% rise in dollar-denominated debt, with total external debts amounting to $48.46 billion by the end of September, which constituted 46.63% of the overall public debt. The slight dip in the proportion of external debt compared to total debt indicates a sharper rise in domestic debt during this quarter.

The data presents a worrying trend as Nigeria’s government grapples with increasing debt levels amidst a fragile economic environment. The rising debt could impact the country’s creditworthiness and access to financing in the future. Policymakers and stakeholders will need to monitor this trend closely and consider measures to manage and optimize Nigeria's overall debt profile to ensure financial stability and sustainable economic growth.