Follow public money

Debt Center

A clearer view of Nigeria’s obligations: dated debt stocks, original DMO publications and financing records you can follow.

📷 FAdelabu, Wikimedia Commons, CC BY-SA 4.0

Total public debt

₦166.79T

30 June 2026 · DMO

Domestic debt

₦91.59T

54.91% of total

External debt

US$54.52B

₦75.20T · 45.09% of total

Coverage

FGN + states + FCT

Source review: 13 October 2026

Read DMO’s 30 June 2026 source table ↗

Debt stock is an outstanding obligation. It is not a total of stolen money or new borrowing during a president’s term. Exchange-rate valuation changes the naira value of external obligations. These observations are nominal; they have not been adjusted for inflation.

Five dated debt observations

Compare the same stock in naira and dollars. Select a period to inspect its source.

Source: DMO. These are selected dated observations, not a continuous annual series. Amber marks the period selected below.

Jun 2026: ₦166.79 trillion

CBN conversion: US$1 = ₦1,379.1842 at 30 June 2026.

Inspect this DMO publication ↗

Exact values and sources — accessible data table

All amounts are outstanding stock. Domestic/external columns are ₦ trillion; total USD is US$ billion.
Period	Total ₦T	Domestic ₦T	External ₦T	Total US$B	Source
2023-12-31	97.34	59.12	38.22	108.23	DMO ↗
2024-12-31	144.67	74.38	70.29	94.23	DMO ↗
2025-12-31	159.28	84.85	74.43	110.97	DMO ↗
2026-03-31	159.35	87.40	71.95	114.95	DMO ↗
2026-06-30	166.79	91.59	75.20	120.93	DMO ↗

Financing → programme → public purpose

A first ledger of three documented approvals. Approval, disbursement, expenditure and delivered outcomes are different facts. These records establish stated financing and purpose; missing contractor, audit and facility links are visible.

APPROVAL RECORD · 14 December 2023

DARES: distributed renewable electricity

US$750m IDA credit

Expand electricity access through distributed renewable energy, with private capital and partner financing separately identified.

Implementation reference: Rural Electrification Agency

Current disbursement, individual contracts, delivery and audit findings are not reconciled in this ledger.

Financing source ↗Programme / implementation source ↗

APPROVAL RECORD · 21 September 2023

AGILE: girls’ secondary education

US$700m additional financing

Scale up secondary education opportunities for girls in targeted states. This is additional financing, not the full lifetime programme cost.

Implementation reference: Programme and participating states; project-level documents linked in the financing announcement

Approved funding is not a verified total spent or a school-by-school completion count.

Financing source ↗

APPROVAL RECORD · 26 September 2024

HOPE-PHC: primary healthcare

US$500m World Bank financing + US$70m GFF grants

Strengthen access to essential primary healthcare. The grant portion is separate from repayable financing.

Implementation reference: Nigeria healthcare programme and participating institutions

Facility-level payments, contractor links and independently verified outcomes still need attachment.

Financing source ↗Programme / implementation source ↗

Questioned spending and contract records →

Inspect sourced cases and their editorial status. An allegation or an incomplete project is not automatically proof that loan funds were stolen.

What public finance means for everyday life →

Explore recorded prices and wage affordability. Linking a particular failed service to a specific loan requires documentary evidence.