Nigeria’s Public Debt Hits ₦153.29 Trillion — Up by ₦900 Billion in Just Three Months

Nigeria’s Public Debt Hits ₦153.29 Trillion — Up by ₦900 Billion in Just Three Months. Nigeria’s debt profile just climbed higher — again.According to the Debt Management Office (DMO), the country’s total public debt stock rose to ₦153.29 trillion as of September 30, 2025, marking an increase of ₦900 billion (0.59%) from the ₦152.39 trillion recorded in June 2025.That’s nearly ₦1 trillion added in just one quarter.

What This Means: While a 0.59% increase may appear small on paper, the raw figure tells a deeper story. An additional ₦900 billion in three months raises fresh concerns about:Nigeria’s growing debt servicing Burden pressure on government, Revenue sustainability of borrowing amid economic Reform impact on inflation and exchange rate Stability with Nigeria already spending a significant chunk of its revenue on servicing debt, many Nigerians are asking: How much is too much?

Why the Debt Keeps Rising: Experts point to several possible drivers behind the increase: Continued fiscal Deficit external borrowing Obligations exchange rate fluctuations affecting foreign debt Valuation ongoing infrastructure Financing has been relying heavily on borrowing to fund budget deficits and critical infrastructure projects, but the rising debt stock is intensifying public debate about transparency, accountability, and long-term sustainability.

The Big Question: As debt continues to climb past ₦150 trillion, citizens are demanding clearer answers:Is this borrowing translating into visible development?Are revenue reforms keeping pace?How will future generations cope with this burden?One thing is certain — Nigeria’s debt conversation is far from over.