Lagos, Rivers record highest borrowing as Nigeria’s debt hits N159.28tn

Nigeria’s full nationalist indebtedness roseate to N159.28 trillion successful the 4th fourth of 2025, with Lagos and Rivers states accounting for the highest levels of borrowing, according to the National Bureau of Statistics (NBS).

The NBS disclosed this successful its Nigerian Domestic and Foreign Debt Report released successful Abuja connected Monday, noting that the country’s indebtedness banal accrued from N153.29 trillion successful the 3rd 4th of 2025, representing a 3.90 per cent quarter-on-quarter rise.

A breakdown of the figures showed that outer indebtedness stood astatine N74.43 trillion, portion home indebtedness climbed to N84.85 trillion during the period. External indebtedness accounted for 46.73 per cent of the total, portion home indebtedness made up 53.37 per cent.

At the subnational level, Lagos State recorded the highest home indebtedness astatine N1.22 trillion, followed by Rivers State with N378.81 billion.

In contrast, Jigawa State posted the lowest home indebtedness astatine N1.60 billion, with Ondo State pursuing astatine N8.42 billion.
For outer borrowing, Lagos besides topped the database with $1.17 billion, portion Kaduna State ranked 2nd with $684.29 million. The Federal Capital Territory recorded the lowest outer indebtedness astatine $26.80 million, followed by Zamfara State with $41.93 million.

The study highlights widening indebtedness levels crossed national and authorities governments, with large economical hubs specified arsenic Lagos and Rivers starring successful some home and outer borrowings.

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