Nigeria National Government Debt

2006 - 2025 | Quarterly | USD mn | CEIC Data

Key information about Nigeria National Government Debt

  • Nigeria National Government Debt reached 56,131.6 USD bn in Dec 2025, compared with 52,809.2 USD bn in the previous quarter.
  • Nigeria National Government Debt data is updated quarterly, available from Dec 2006 to Dec 2025.
  • The data reached an all-time high of 65,336.5 USD bn in Sep 2023 and a record low of 17.4 USD bn in Dec 2006.

CEIC calculates quarterly Government Debt as the sum of Domestic and External Government Debt and converts it into USD. Debt Management Office provides Domestic Government Debt in local currency and External Government Debt in USD. The Central Bank of Nigeria period end market exchange rate is used for currency conversions.


Related information about Nigeria National Government Debt
  • In the latest reports, Nigeria Consolidated Fiscal Balance recorded a deficit equal to 4.0 % of its Nominal GDP in Dec 2024.
  • The country's Government debt accounted for 18,684.4 % of its Nominal GDP in Dec 2025.
  • Nigeria Nominal GDP reached 63.8 USD bn in Jun 2025.

View Nigeria's National Government Debt from Dec 2006 to Dec 2025 in the chart:

Nigeria National Government Debt

What was Nigeria's National Government Debt in Dec 2025?

Nigeria National Government Debt reached 56,131.6 USD bn in Dec 2025, compared with 52,809.2 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
56,131,610.0 Dec 2025 52,809,198.1 Sep 2025 17,404.3 Dec 2006 65,336,488.7 Sep 2023 USD mn quarterly Dec 2006 - Dec 2025

National Government Debt by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 15,870.8 Mar 2026 quarterly Sep 2010 - Mar 2026
Algeria (USD mn) 127,109.6 2024 yearly 1997 - 2024
Argentina (USD mn) 455,076.7 Dec 2025 quarterly Dec 1994 - Dec 2025
Armenia (USD mn) 14,091.3 Mar 2026 quarterly Mar 2002 - Mar 2026
Australia (USD mn) 685,976.3 2024 yearly 1999 - 2024
Austria (USD mn) 490,656.9 Dec 2025 quarterly Mar 2000 - Dec 2025
Azerbaijan (USD mn) 9,223.0 2021 yearly 2008 - 2021
Bahrain (USD mn) 52,564.2 Mar 2026 monthly Mar 2001 - Mar 2026
Belarus (USD mn) 23,375.7 May 2022 monthly Dec 2003 - May 2022
Belgium (USD mn) 812,672.2 Dec 2025 quarterly Mar 1980 - Dec 2025
Bolivia (USD mn) 8,960.7 2014 yearly 1998 - 2014
Bosnia and Herzegovina (USD mn) 3,449.6 2024 yearly 2007 - 2024
Botswana (USD mn) 4,996.3 2025 yearly 2002 - 2025
Brazil (USD mn) 1,987,096.3 Mar 2026 monthly Dec 2000 - Mar 2026
Bulgaria (USD mn) 37,868.1 Jan 2026 monthly Dec 2015 - Jan 2026
Canada (USD mn) 1,517,724.5 2025 yearly 1962 - 2025
Chile (USD mn) 154,979.5 Dec 2025 quarterly Mar 2002 - Dec 2025
China (USD mn) 5,896,064.4 2025 yearly 2005 - 2025
Colombia (USD mn) 330,041.5 Dec 2025 quarterly Dec 2001 - Dec 2025
Croatia (USD mn) 61,462.3 Dec 2025 monthly Dec 1995 - Dec 2025
Cyprus (USD mn) 23,135.3 Mar 2026 monthly Dec 2010 - Mar 2026
Czech Republic (USD mn) 183,513.5 Dec 2025 quarterly Mar 2000 - Dec 2025
Denmark (USD mn) 134,380.9 Dec 2025 quarterly Mar 2000 - Dec 2025
Ecuador (USD mn) 87,478.1 Dec 2025 quarterly Dec 2005 - Dec 2025
Egypt (USD mn) 344,231.3 Dec 2025 quarterly Jun 2006 - Dec 2025
Estonia (USD mn) 11,769.9 Dec 2025 quarterly Mar 2000 - Dec 2025
European Union (USD mn) 18,043,357.3 Dec 2025 quarterly Mar 2000 - Dec 2025
Finland (USD mn) 291,561.0 Dec 2025 quarterly Mar 2000 - Dec 2025
France (USD mn) 4,061,201.8 Dec 2025 quarterly Dec 1995 - Dec 2025
Georgia (USD mn) 13,286.4 Dec 2025 quarterly Mar 2006 - Dec 2025
Germany (USD mn) 3,330,957.3 Dec 2025 quarterly Mar 2000 - Dec 2025
Greece (USD mn) 425,928.8 Dec 2025 quarterly Dec 1999 - Dec 2025
Hong Kong SAR, China (USD mn) 190,786.0 2025 yearly 2003 - 2025
Hungary (USD mn) 197,648.2 Dec 2025 quarterly Dec 1989 - Dec 2025
Iceland (USD mn) 22,207.5 2025 yearly 1998 - 2025
India (USD mn) 2,205,393.2 Dec 2025 quarterly Dec 1998 - Dec 2025
Indonesia (USD mn) 547,950.7 Jan 2025 monthly Jun 2009 - Jan 2025
Ireland (USD mn) 246,341.0 Dec 2025 quarterly Mar 2000 - Dec 2025
Israel (USD mn) 443,893.3 2025 yearly 1995 - 2025
Italy (USD mn) 3,711,947.2 Feb 2026 monthly Jan 1957 - Feb 2026
Ivory Coast (USD mn) 3,853.2 2015 yearly 1975 - 2015
Japan (USD mn) 9,012,579.6 Sep 2025 monthly Apr 1982 - Sep 2025
Jordan (USD mn) 51,659.2 Feb 2026 monthly Jan 2002 - Feb 2026
Kazakhstan (USD mn) 59,945.7 Dec 2024 quarterly Mar 2005 - Dec 2024
Kenya (USD mn) 95,337.3 Dec 2025 monthly Sep 1999 - Dec 2025
South Korea (USD mn) 855,595.7 Mar 2026 quarterly Sep 2002 - Mar 2026
Kosovo (USD mn) 1,797.9 2024 yearly 2009 - 2024
Kuwait (USD mn) 8,307.5 Mar 2026 monthly Dec 1993 - Mar 2026
Kyrgyzstan (USD mn) 8,919.2 Dec 2025 monthly Jan 2011 - Dec 2025
Latvia (USD mn) 23,676.1 Dec 2025 quarterly Mar 2000 - Dec 2025
Lebanon (USD mn) 101,813.6 Dec 2022 monthly Dec 2001 - Dec 2022
Lithuania (USD mn) 39,470.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Luxembourg (USD mn) 27,808.6 Dec 2025 quarterly Dec 1995 - Dec 2025
North Macedonia (USD mn) 10,272.3 Dec 2025 quarterly Dec 2009 - Dec 2025
Malawi (USD mn) 2,620.0 2014 yearly 2010 - 2014
Malaysia (USD mn) 325,635.1 Dec 2025 quarterly Mar 1978 - Dec 2025
Malta (USD mn) 13,375.6 Dec 2025 quarterly Mar 2000 - Dec 2025
Mauritius (USD mn) 12,827.8 Mar 2026 quarterly Jun 2003 - Mar 2026
Mexico (USD mn) 1,114,967.1 Mar 2026 monthly Dec 2005 - Mar 2026
Moldova (USD mn) 8,080.9 Mar 2026 monthly Jan 2007 - Mar 2026
Montenegro (USD mn) 5,521.7 Sep 2025 monthly Dec 2010 - Sep 2025
Morocco (USD mn) 91,099.0 Dec 2022 quarterly Dec 2006 - Dec 2022
Nepal (USD mn) 14,538.4 2021 yearly 1990 - 2021
Netherlands (USD mn) 614,427.7 Dec 2025 quarterly Dec 1999 - Dec 2025
New Zealand (USD mn) 130,325.2 Mar 2026 quarterly Dec 2006 - Mar 2026
Nigeria (USD mn) 56,131,610.0 Dec 2025 quarterly Dec 2006 - Dec 2025
Norway (USD mn) 297,283.3 2025 yearly 1995 - 2025
Oman (USD mn) 37,971.4 2025 yearly 1990 - 2025
Panama (USD mn) 59,349.3 Dec 2025 monthly Jul 2004 - Dec 2025
Paraguay (USD mn) 16,217.1 2024 yearly 2003 - 2024
Peru (USD mn) 108,718.9 Dec 2025 quarterly Mar 1999 - Dec 2025
Philippines (USD mn) 304,381.5 Mar 2026 monthly Jan 1993 - Mar 2026
Poland (USD mn) 648,365.6 Dec 2025 quarterly Mar 2000 - Dec 2025
Portugal (USD mn) 326,169.6 Mar 2026 quarterly Mar 2000 - Mar 2026
Qatar (USD mn) 26,518.7 2012 yearly 2003 - 2012
Romania (USD mn) 262,224.8 Feb 2026 monthly Nov 2011 - Feb 2026
Russia (USD mn) 448,098.9 Mar 2026 monthly May 2009 - Mar 2026
Saudi Arabia (USD mn) 405,068.6 2025 yearly 2004 - 2025
Serbia (USD mn) 45,324.3 Mar 2026 monthly Sep 2004 - Mar 2026
Singapore (USD mn) 1,019,617.5 Dec 2025 quarterly Mar 1990 - Dec 2025
Slovakia (USD mn) 98,475.2 Sep 2025 quarterly Mar 2000 - Sep 2025
Slovenia (USD mn) 54,365.4 Dec 2025 quarterly Dec 1999 - Dec 2025
South Africa (USD mn) 357,353.2 Mar 2026 monthly Jan 1960 - Mar 2026
Spain (USD mn) 1,993,036.4 Dec 2025 quarterly Dec 1990 - Dec 2025
Sri Lanka (USD mn) 96,944.7 Dec 2025 quarterly Mar 2014 - Dec 2025
Sweden (USD mn) 250,022.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Switzerland (USD mn) 231,894.5 2024 yearly 1990 - 2024
Taiwan, China (USD mn) 210,211.6 2024 yearly 1996 - 2024
Thailand (USD mn) 350,915.4 Mar 2026 monthly Oct 1997 - Mar 2026
Tunisia (USD mn) 48,835.0 Dec 2025 monthly Apr 2011 - Dec 2025
Turkey (USD mn) 298,427.1 2024 yearly 2001 - 2024
Ukraine (USD mn) 204,885.6 Mar 2026 monthly Dec 2004 - Mar 2026
United Kingdom (USD mn) 4,178,226.3 Dec 2025 quarterly Mar 1966 - Dec 2025
United States (USD mn) 38,967,834.0 Apr 2026 monthly Jan 1969 - Apr 2026
Uruguay (USD mn) 50,313.1 Dec 2025 quarterly Mar 1999 - Dec 2025
Venezuela (USD mn) 105,131.7 2016 yearly 1996 - 2016
Vietnam (USD mn) 150,597.5 2024 yearly 2010 - 2024
Yemen (USD mn) 20,434.2 2013 yearly 2004 - 2013

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 56,131,610.0 Dec 2025 quarterly Dec 2006 - Dec 2025
Government Debt: % of GDP (%) 18,684.4 Dec 2025 quarterly Dec 2010 - Dec 2025
Forecast: Government Expenditure (NGN bn) 129,829.781 2031 yearly 1990 - 2031
Forecast: Government Net Debt (NGN bn) 318,517.716 2031 yearly 1990 - 2031
Forecast: Government Revenue (NGN bn) 110,023.853 2031 yearly 1990 - 2031
Government Debt: Domestic (NGN bn) 80,488,865.115 Dec 2025 quarterly Dec 2005 - Dec 2025
Gross Federation Account Revenue (NGN bn) 11,925.570 Sep 2025 quarterly Mar 2005 - Sep 2025
Federal Govt Balance (NGN bn) -3,084.970 Dec 2024 quarterly Mar 2005 - Dec 2024
Gross Federation Account Revenue: Oil (NGN bn) 3,518.110 Sep 2025 quarterly Mar 2005 - Sep 2025
Federal Govt Expenditure: Capital (NGN bn) 958.160 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure: Recurrent (NGN bn) 4,210.940 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure (NGN bn) 5,604.790 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Revenue (NGN bn) 2,519.820 Dec 2024 quarterly Mar 2005 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 245.1 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports (USD mn) 4,367.5 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports Growth (%) -9.2 Dec 2025 monthly Jan 2004 - Dec 2025
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,102.688 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 578.589 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 9.9 Dec 2025 monthly Jan 2004 - Dec 2025
Imports: Medicament (USD th) 605,905.663 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 335,165.261 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 162.467 Dec 2025 monthly Jan 2003 - Dec 2025
Total Imports from USA (USD mn) 309.728 Dec 2025 monthly Dec 2009 - Dec 2025
Total Exports to China (USD mn) 157.315 Dec 2025 monthly Jan 2007 - Dec 2025
Total Imports from China (USD mn) 1,415.075 Dec 2025 monthly Jan 2007 - Dec 2025
Exports: Vegetable Products (NGN mn) 1,539,822.759 2025 yearly 2003 - 2025
Exports: Mineral Products (NGN mn) 73,459,088.314 2025 yearly 2003 - 2025
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 244,171.194 2025 yearly 2003 - 2025
Exports (NGN mn) 6,334,358.836 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: America: ow USA (NGN mn) 235,634.548 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Europe: ow UK (NGN mn) 47,516.769 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Europe: ow Netherlands (NGN mn) 663,947.498 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Chemicals and Chemical Products (NGN mn) 999,721.947 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,191,103.588 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Manufactured Goods (NGN mn) 621,984.130 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Food and Live Animals (NGN mn) 850,483.714 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Machinery and Transport Equipment (NGN mn) 1,929,321.105 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Netherlands (NGN mn) 446,202.327 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow UK (NGN mn) 302,058.111 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Asia: ow China (NGN mn) 2,052,359.077 Dec 2025 monthly Jan 2007 - Dec 2025
Imports: America: ow USA (NGN mn) 449,215.349 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Germany (NGN mn) 145,581.678 Dec 2025 monthly Jan 2003 - Dec 2025
Imports (NGN mn) 5,978,855.607 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Crude Oil (NGN mn) 3,256,138.155 Dec 2025 monthly Jan 2003 - Dec 2025
Total Trade (NGN mn) 12,313,214.443 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Growth Rate: MoM (%) 14.404 Dec 2025 monthly Jan 2019 - Dec 2025
Exports: Growth Rate: MoM (%) 3.151 Dec 2025 monthly Jan 2019 - Dec 2025
Export Value Index (2015=100) 110.100 2023 yearly 1980 - 2023
Import Value Index (2015=100) 110.300 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 673.0 Dec 2025 quarterly Mar 2008 - Dec 2025
Current Account Balance (USD mn) 1,397.2 Dec 2025 quarterly Mar 2014 - Dec 2025
Current Account Balance: % of GDP (%) 1.6 Dec 2025 quarterly Mar 2014 - Dec 2025
Foreign Direct Investment (USD mn) 1,113.0 Dec 2025 quarterly Mar 2014 - Dec 2025
Foreign Direct Investment: % of GDP (%) 1.3 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment (USD mn) 5,270.221 Dec 2025 quarterly Mar 2008 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 6.2 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 325.0 Dec 2025 quarterly Mar 2008 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 4,945.254 Dec 2025 quarterly Mar 2008 - Dec 2025
External Debt (USD mn) 51,856.0 Dec 2025 quarterly Dec 2006 - Dec 2025
External Debt: % of GDP (%) 12.0 2025 yearly 1985 - 2025
External Debt: Short Term (USD mn) 1,513.7 2022 yearly 2008 - 2022
External Debt: Short Term: % of GDP (%) 0.2 2022 yearly 2008 - 2022
Forecast: Current Account Balance (USD bn) 16.466 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -90,151.210 2025 yearly 2005 - 2025
External Debt: Government (USD mn) 51,856.030 Dec 2025 quarterly Dec 2006 - Dec 2025
External Debt: Government: International Capital Market (USD mn) 18,547.470 Dec 2025 quarterly Mar 2011 - Dec 2025
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 31,944.224 Feb 2026 monthly Apr 1990 - Feb 2026
Money Supply M2 (USD mn) 90,327.599 Feb 2026 monthly Apr 1990 - Feb 2026
M2 Growth (%) 11.2 Feb 2026 monthly Apr 1991 - Feb 2026
Reserve Requirement Ratio (%) 45.0 Apr 2026 monthly Nov 2005 - Apr 2026
Foreign Exchange Reserves (USD mn) 45,752.8 Dec 2025 monthly Jan 1960 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 16.055 Dec 2025 quarterly Dec 2010 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 11.1 Dec 2025 monthly Jan 2003 - Dec 2025
Gold Reserves (USD mn) 2,978.457 Dec 2025 monthly Dec 1950 - Dec 2025
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 98,297.6 Feb 2026 monthly Apr 1990 - Feb 2026
Domestic Credit Growth (%) 29.6 Feb 2026 monthly Apr 1991 - Feb 2026
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 38,453,901.510 Feb 2026 monthly Apr 1990 - Feb 2026
Monetary Survey: Liabilities: M2: M1 (NGN mn) 43,536,636.110 Feb 2026 monthly Apr 1990 - Feb 2026
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 79,570,432.440 Feb 2026 monthly Apr 1990 - Feb 2026
Monetary Survey: Liabilities: M2 (NGN mn) 123,107,068.550 Feb 2026 monthly Apr 1990 - Feb 2026
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 5.760 Jun 2025 semiannually Dec 2003 - Jun 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -3.6 Apr 2026 monthly Jul 2015 - Apr 2026

More Indicators for Nigeria

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data