Nigeria’s total public debt stock climbed to N159.28 trillion ($110.97 billion) in the fourth quarter of 2025, marking a 3.90% increase from the N153.29 trillion recorded in the previous quarter.

According to the National Bureau of Statistics (NBS) in its latest Nigerian Domestic and Foreign Debt Report released on Monday, the nation’s debt portfolio is currently comprised of N84.85 trillion in domestic debt and N74.43 trillion in external obligations.

This distribution places the share of domestic debt at 53.37% of the total stock, while external debt accounts for the remaining 46.73%.

 According to the report, the share of external debt to total public debt(in Naira value) stood at 46.73 per cent in Q4 2025, while the share of domestic debt to total public debt was 53.37 per cent.’’

In a breakdown by states, the bureau said that Lagos state recorded the highest domestic debt of N1.22 trillion in Q4 2025, followed by Rivers with N378.81 billion.

The report showed that Jigawa recorded the lowest domestic debt with N1.60 billion, followed by Ondo with N8.42 billion.

The NBS said that Lagos state also recorded the highest external debt in Q4 2025 with 1.17 billion dollars, followed by Kaduna state with 684.29 million dollars.

“The Federal Capital Territory(FCT) recorded the lowest external debt in Q4 2025 with 26.80 million dollars, followed by Zamfara with 41.93 million dollars,” the report said.