By Emma Ujah, Abuja Bureau Chief

Nigeria’s total public debt stock rose to N166.79 trillion as of June 30, 2026, the Debt Management Office (DMO) has revealed in its latest data, released at the weekend.

That figure indicated an increase of N7.44 trillion from N159.35 trillion recorded at the end of the first quarter of the year.

The breakdown showed that domestic debt accounted for N91.59 trillion, or 54.91 per cent of the total portfolio, while external debt made up the balance.

In dollar terms, the country’s total public debt stood at $120.93 billion, comprising $54.52 billion in external debt and $66.41 billion in domestic debt.

The external debt component was converted using the Central Bank of Nigeria’s official exchange rate of N1,379.1842 as of June 30, 2026.

The Federal Government of Nigeria (FGN) accounted for the bulk of both domestic and external debt.

According to the DMO, the federal government accounted for N152.77 trillion of the total debt stock, comprising N86.99 trillion in domestic debt and N65.77 trillion in external debt.

State governments and the Federal Capital Territory (FCT) accounted for the remaining N14.01 trillion, made up of N4.59 trillion in domestic debt and N9.42 trillion in external debt.

The federal government’s bonds remained the largest category, as it stood at N64.84 trillion, representing 74.53 per cent of FGN domestic debt.

Nigerian Treasury Bills came next, accounting for N19.48 trillion, or 22.39 per cent, of FGN domestic debt.

FGN Sukuk stood at N1.19 trillion, promissory notes at N1.22 trillion (comprising N206.82 billion in naira-denominated notes and N1.01 trillion in foreign-currency-denominated notes), FGN savings bonds at N122.45 billion, the green bond at N47.36 billion, and the green bond at N47.36 billion.