Public Debt Archives - Nairametrics https://nairametrics.com/category/economy/public-debt/ Destination for Business news and analysis from Africa's largest economy Tue, 01 Jul 2025 09:14:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Public Debt Archives - Nairametrics https://nairametrics.com/category/economy/public-debt/ 32 32 201037849 World Bank approves extra $65 million loan for Nigeria’s SPESSE project  https://nairametrics.com/2025/07/01/world-bank-approves-extra-65-million-loan-for-nigerias-spesse-project/ https://nairametrics.com/2025/07/01/world-bank-approves-extra-65-million-loan-for-nigerias-spesse-project/#comments Tue, 01 Jul 2025 09:14:33 +0000 https://nairametrics.com/?p=518240 The World Bank has approved an additional $65 million credit for Nigeria under the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, raising the total funding to $145 million. 

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]]> https://nairametrics.com/2025/07/01/world-bank-approves-extra-65-million-loan-for-nigerias-spesse-project/feed/ 1 518240 FG spends N611.71 billion to service first domestic dollar bond in March  https://nairametrics.com/2025/07/01/fg-spends-n611-71-billion-to-service-first-domestic-dollar-bond-in-march/ https://nairametrics.com/2025/07/01/fg-spends-n611-71-billion-to-service-first-domestic-dollar-bond-in-march/#respond Tue, 01 Jul 2025 08:03:03 +0000 https://nairametrics.com/?p=518235 The Federal Government spent N611.71 billion in March 2025 servicing its first-ever US dollar-denominated bond issued within the domestic market, making it the single largest domestic debt service item for the month and highlighting the rising cost of FX-linked obligations in Nigeria’s debt profile. 

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]]> https://nairametrics.com/2025/07/01/fg-spends-n611-71-billion-to-service-first-domestic-dollar-bond-in-march/feed/ 0 518235 Nigeria owes Public Debt of N149.39 trillion, these are its biggest creditors – Q1 2025 https://nairametrics.com/2025/06/30/nigeria-owes-public-debt-of-n149-39-trillion-these-are-its-biggest-creditors-q1-2025/ https://nairametrics.com/2025/06/30/nigeria-owes-public-debt-of-n149-39-trillion-these-are-its-biggest-creditors-q1-2025/#respond Mon, 30 Jun 2025 19:13:58 +0000 https://nairametrics.com/?p=518206 Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, marking a year-on-year increase of N27.72 trillion or 22.8% when compared to the N121.67 trillion recorded in the corresponding period of 2024. 

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]]> https://nairametrics.com/2025/06/30/nigeria-owes-public-debt-of-n149-39-trillion-these-are-its-biggest-creditors-q1-2025/feed/ 0 518206 Nigeria’s promissory notes debt obligations fall by 15.6% as of March 2025  https://nairametrics.com/2025/06/30/nigerias-promissory-notes-debt-obligations-fall-by-15-6-as-of-march-2025/ https://nairametrics.com/2025/06/30/nigerias-promissory-notes-debt-obligations-fall-by-15-6-as-of-march-2025/#respond Mon, 30 Jun 2025 07:45:09 +0000 https://nairametrics.com/?p=518134 Nigeria’s promissory notes fell by 15.6% quarter-on-quarter between December 2024 and March 2025, according to the Debt Management Office (DMO). 

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]]> https://nairametrics.com/2025/06/30/nigerias-promissory-notes-debt-obligations-fall-by-15-6-as-of-march-2025/feed/ 0 518134 Nigeria’s public debt hits N149.39 trillion in Q1 2025 – DMO  https://nairametrics.com/2025/06/28/nigerias-public-debt-hits-n149-39-trillion-in-q1-2025-dmo/ https://nairametrics.com/2025/06/28/nigerias-public-debt-hits-n149-39-trillion-in-q1-2025-dmo/#respond Sat, 28 Jun 2025 12:00:45 +0000 https://nairametrics.com/?p=518035 Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, marking a year-on-year increase of N27.72 trillion or 22.8% when compared to the N121.67 trillion recorded in the corresponding period of 2024. 

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]]> https://nairametrics.com/2025/06/28/nigerias-public-debt-hits-n149-39-trillion-in-q1-2025-dmo/feed/ 0 518035 The 10 most indebted states in Nigeria as of December 2024 https://nairametrics.com/2025/06/28/the-10-most-indebted-states-in-nigeria-as-of-december-2024/ https://nairametrics.com/2025/06/28/the-10-most-indebted-states-in-nigeria-as-of-december-2024/#respond Sat, 28 Jun 2025 11:29:26 +0000 https://nairametrics.com/?p=518030 This article is a breakdown of the top 10 Nigerian states with the highest public debt stock in 2024 and how they compare year-on-year. 

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]]> https://nairametrics.com/2025/06/28/the-10-most-indebted-states-in-nigeria-as-of-december-2024/feed/ 0 518030 Experts warn of debt trap, sovereign default risk as Nigeria’s public debt surged over 1,000% in naira terms in 10 years  https://nairametrics.com/2025/06/24/experts-warn-of-debt-trap-sovereign-default-risk-as-nigerias-public-debt-surged-over-1000-in-naira-terms-in-10-years/ https://nairametrics.com/2025/06/24/experts-warn-of-debt-trap-sovereign-default-risk-as-nigerias-public-debt-surged-over-1000-in-naira-terms-in-10-years/#comments Tue, 24 Jun 2025 08:02:41 +0000 https://nairametrics.com/?p=517758 Financial experts are raising concerns that Nigeria could be entering a full-blown debt trap, where the government is forced to take on new loans just to service existing obligations.

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]]> https://nairametrics.com/2025/06/24/experts-warn-of-debt-trap-sovereign-default-risk-as-nigerias-public-debt-surged-over-1000-in-naira-terms-in-10-years/feed/ 1 517758 FG engages Japan for $110 million food security loan  https://nairametrics.com/2025/06/05/fg-engages-japan-for-110-million-food-security-loan/ https://nairametrics.com/2025/06/05/fg-engages-japan-for-110-million-food-security-loan/#respond Thu, 05 Jun 2025 08:23:11 +0000 https://nairametrics.com/?p=516723 The Federal Government has deepened its engagement with the Japan International Cooperation Agency (JICA) to advance the implementation of a ¥15 billion (approximately $110 million) emergency loan facility aimed at strengthening Nigeria’s food security. This was disclosed in a statement by the Federal Ministry of Finance and Coordinating Ministry of the Economy on Wednesday following […]

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]]> https://nairametrics.com/2025/06/05/fg-engages-japan-for-110-million-food-security-loan/feed/ 0 516723 Fitch projects growth in Nigeria’s non-interest finance, Sukuk issuance through 2026 despite market hurdles https://nairametrics.com/2025/06/05/fitch-projects-growth-in-nigerias-non-interest-finance-sukuk-issuance-through-2026-despite-market-hurdles/ https://nairametrics.com/2025/06/05/fitch-projects-growth-in-nigerias-non-interest-finance-sukuk-issuance-through-2026-despite-market-hurdles/#respond Thu, 05 Jun 2025 08:07:33 +0000 https://nairametrics.com/?p=516721 Nigeria’s Islamic finance industry is likely to expand from the second half of 2025 through 2026 on the back of increasing sovereign sukuk issuances and Islamic banking assets, driven by new paid-in capital requirements and regulatory moves to develop the industry, Fitch Ratings says. 

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]]> https://nairametrics.com/2025/06/05/fitch-projects-growth-in-nigerias-non-interest-finance-sukuk-issuance-through-2026-despite-market-hurdles/feed/ 0 516721 AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments  https://nairametrics.com/2025/05/29/afdb-flags-nigerias-rising-debt-costs-75-of-revenue-goes-to-interest-payments/ https://nairametrics.com/2025/05/29/afdb-flags-nigerias-rising-debt-costs-75-of-revenue-goes-to-interest-payments/#respond Thu, 29 May 2025 11:29:40 +0000 https://nairametrics.com/?p=516280 The African Development Bank (AfDB) has flagged Nigeria’s rising debt costs, stating that the country is projected to spend 75% of its revenues on interest payments in 2025. 

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]]> https://nairametrics.com/2025/05/29/afdb-flags-nigerias-rising-debt-costs-75-of-revenue-goes-to-interest-payments/feed/ 0 516280 Reject Tinubu’s new $24 billion loan request immediately, SERAP tells NASS   https://nairametrics.com/2025/05/28/reject-tinubus-new-24-billion-loan-request-immediately-serap-tells-nass/ https://nairametrics.com/2025/05/28/reject-tinubus-new-24-billion-loan-request-immediately-serap-tells-nass/#respond Wed, 28 May 2025 13:12:47 +0000 https://nairametrics.com/?p=516176 The civic group, Socio-Economic Rights and Accountability Project (SERAP), has called on the National Assembly to immediately reject the request by President Bola Tinubu for a fresh $24 billion loan request.

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]]> https://nairametrics.com/2025/05/28/reject-tinubus-new-24-billion-loan-request-immediately-serap-tells-nass/feed/ 0 516176 FG clarifies proposed $21.5 billion debt, taps World Bank, ADB, China, France, EU for new loan https://nairametrics.com/2025/05/27/fg-clarifies-proposed-21-5-billion-debt-taps-world-bank-adb-china-france-eu-for-new-loan/ https://nairametrics.com/2025/05/27/fg-clarifies-proposed-21-5-billion-debt-taps-world-bank-adb-china-france-eu-for-new-loan/#respond Tue, 27 May 2025 21:18:19 +0000 https://nairametrics.com/?p=516152 The Federal Government has offered clarifications regarding President Bola Tinubu’s request to the National Assembly for approval of a new $21.5 billion external borrowing plan, part of the proposed 2025-2026 borrowing strategy. 

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]]> https://nairametrics.com/2025/05/27/fg-clarifies-proposed-21-5-billion-debt-taps-world-bank-adb-china-france-eu-for-new-loan/feed/ 0 516152 President Tinubu seeks senate approval for $21.5 billion new external loan  https://nairametrics.com/2025/05/27/president-tinubu-seeks-senate-approval-for-21-5-billion-new-external-loan/ https://nairametrics.com/2025/05/27/president-tinubu-seeks-senate-approval-for-21-5-billion-new-external-loan/#respond Tue, 27 May 2025 14:41:40 +0000 https://nairametrics.com/?p=516136 President Bola Tinubu has requested the Senate to approve a new external borrowing plan of about $21.5 billion as part of the 2025-2026 borrowing plan. 

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]]> https://nairametrics.com/2025/05/27/president-tinubu-seeks-senate-approval-for-21-5-billion-new-external-loan/feed/ 0 516136 Nigeria’s external debt service bill hits $2.01 billion in four months, gulps 77% of foreign payments  https://nairametrics.com/2025/05/21/nigerias-external-debt-service-bill-hits-2-01-billion-in-four-months-gulps-77-of-foreign-payments/ https://nairametrics.com/2025/05/21/nigerias-external-debt-service-bill-hits-2-01-billion-in-four-months-gulps-77-of-foreign-payments/#respond Wed, 21 May 2025 13:37:32 +0000 https://nairametrics.com/?p=515779 Nigeria spent over $2.01 billion on external debt servicing between January and April 2025, marking a 50% jump compared to the same period in 2024. The Central Bank of Nigeria’s (CBN) international payments data on its website shows that debt service costs now account for more than three-quarters of the country’s total foreign outflows. This […]

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]]> https://nairametrics.com/2025/05/21/nigerias-external-debt-service-bill-hits-2-01-billion-in-four-months-gulps-77-of-foreign-payments/feed/ 0 515779 Public Debt – Nigeria’s Biggest Creditors after repaying IMF Loans https://nairametrics.com/2025/05/13/public-debt-nigerias-biggest-creditors-after-repaying-imf-loans/ https://nairametrics.com/2025/05/13/public-debt-nigerias-biggest-creditors-after-repaying-imf-loans/#respond Tue, 13 May 2025 14:06:57 +0000 https://nairametrics.com/?p=515196 Nigeria has a total domestic debt profile of N74.3 trillion and $44.9 billion in external debts as of December 2024. This is the list of Nigeria's top creditors.

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]]> https://nairametrics.com/2025/05/13/public-debt-nigerias-biggest-creditors-after-repaying-imf-loans/feed/ 0 515196 Official: Nigeria repays IMF Emergency Loans obtained in 2020 https://nairametrics.com/2025/05/08/imf-confirms-nigerias-full-repayment-of-3-4-billion-covid-19-loan/ https://nairametrics.com/2025/05/08/imf-confirms-nigerias-full-repayment-of-3-4-billion-covid-19-loan/#respond Thu, 08 May 2025 15:31:33 +0000 https://nairametrics.com/?p=514882 The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion financial support it received under the Rapid Financing Instrument (RFI) to cushion the economic impacts of the COVID-19 pandemic. 

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]]> https://nairametrics.com/2025/05/08/imf-confirms-nigerias-full-repayment-of-3-4-billion-covid-19-loan/feed/ 0 514882 Nigeria exits IMF debtor list amid Tinubu’s fiscal reform push  https://nairametrics.com/2025/05/08/nigeria-exits-imf-debtor-list-amid-tinubus-fiscal-reform-push/ https://nairametrics.com/2025/05/08/nigeria-exits-imf-debtor-list-amid-tinubus-fiscal-reform-push/#respond Thu, 08 May 2025 11:38:03 +0000 https://nairametrics.com/?p=514907 The International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries, following the full settlement of outstanding credit obligations to the Fund.

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]]> https://nairametrics.com/2025/05/08/nigeria-exits-imf-debtor-list-amid-tinubus-fiscal-reform-push/feed/ 0 514907 UN Deputy SG Amina Mohammed calls for debt solutions for Nigeria, Africa to unlock development  https://nairametrics.com/2025/04/30/un-deputy-sg-amina-mohammed-calls-for-debt-solutions-for-nigeria-africa-to-unlock-development/ https://nairametrics.com/2025/04/30/un-deputy-sg-amina-mohammed-calls-for-debt-solutions-for-nigeria-africa-to-unlock-development/#respond Wed, 30 Apr 2025 09:59:35 +0000 https://nairametrics.com/?p=514309 United Nations Deputy Secretary-General Amina Mohammed has urged global leaders to implement debt relief measures and sustainable financing solutions for Nigeria and other African nations struggling with mounting public debt.  

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]]> https://nairametrics.com/2025/04/30/un-deputy-sg-amina-mohammed-calls-for-debt-solutions-for-nigeria-africa-to-unlock-development/feed/ 0 514309 Global public debt to surpass 100% of GDP by 2030 – IMF  https://nairametrics.com/2025/04/24/global-public-debt-to-surpass-100-of-gdp-by-2030-imf/ https://nairametrics.com/2025/04/24/global-public-debt-to-surpass-100-of-gdp-by-2030-imf/#respond Thu, 24 Apr 2025 12:57:58 +0000 https://nairametrics.com/?p=513920 The International Monetary Fund (IMF) has issued a warning about the rapid increase in global public debt, urging countries, particularly emerging markets, to implement stronger fiscal policies to mitigate risks and stabilize their economies. 

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]]> https://nairametrics.com/2025/04/24/global-public-debt-to-surpass-100-of-gdp-by-2030-imf/feed/ 0 513920 Nigeria in advanced talks to re-enter JP Morgan bond index before end of year https://nairametrics.com/2025/04/24/nigeria-in-advanced-talks-to-re-enter-jp-morgan-bond-index-before-end-of-year/ https://nairametrics.com/2025/04/24/nigeria-in-advanced-talks-to-re-enter-jp-morgan-bond-index-before-end-of-year/#respond Thu, 24 Apr 2025 02:25:06 +0000 https://nairametrics.com/?p=513866 Nigeria is in advanced discussions with JP Morgan to re-enter its Government Bond Index amid renewed FX credibility

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]]> https://nairametrics.com/2025/04/24/nigeria-in-advanced-talks-to-re-enter-jp-morgan-bond-index-before-end-of-year/feed/ 0 513866