Nigeria's total public debt stock has climbed to N159.35 trillion, according to new data reported by Nairametrics.
The figure underscores the growing weight of domestic liabilities in the country's balance sheet, even as the naira has shown signs of stabilization in recent months.
Payments on foreign debt fell to $954 million in the first quarter of 2026, down from previous levels.
The rise in the overall debt stock coincides with a decline in external debt service obligations.
Payments on foreign debt fell to $954 million in the first quarter of 2026, down from previous levels.
This reduction in external servicing costs provides some fiscal breathing room, but it is being offset by the rapid accumulation of local currency debt.
The divergence between domestic and external debt trends reflects broader shifts in Nigeria's financial landscape.