…As Lagos, Rivers Record Highest Domestic Debt In Q2 2025
Lucky Obukohwo Reporting
National Bureau of Statistics (NBS), has revealed that the Nigeria‘s public debt stock, which includes external and domestic debt, stood at N152.39 trillion (US$99.65 billion) in the 2025 from N149.38 trillion (US$97.23billion) in Q1 2025, showing a growth rate of 2.01 per cent on a quarter-on-quarter basis.
In a document released on its website, NBS said that the total external debt stood at N71.84 trillion (US$46.98 billion) in Q2 2025, while total domestic debt was N80.55trillion (US$52.67 billion).
Meanwhile, the share of external debt (in naira value) to total public debt was 47.14 per cent in Q2 2025, while the share of domestic debt (in naira value) to total public debt was 52.86 per cent.
While Lagos State recorded the highest domestic debt in Q2 2025 with N1.04 trillion, followed by Rivers State with N364.39 billion, Jigawa State recorded the lowest with N852.49 million, followed by Ondo State with N10.64 billion.
In addition, Lagos State recorded the highest external debt over the reference period with $1.04 billion, followed by Kaduna with $658.70 million, while the Federal Capital Territory (FCT) had the lowest with $19.26 million, followed by Yobe State with $23.08 million.