Ledger · Sovereign borrowing
Nigeria’s June 2026 debt split between federal and state borrowers
Nigeria reported NGN 166.788 trillion of public debt at June 2026. Domestic debt made up 54.91% of the total. Federal debt accounted for most of both categories.
Sources checked
Four components of the DMO stock. The searchable table preserves amounts in millions and includes the subtotals.
The total combines two borrowing categories
The Debt Management Office reported NGN 75.198 trillion in external debt and NGN 91.590 trillion in domestic debt as of 30 June. Those components make up 45.09% and 54.91% of the total, respectively. The release record is dated 25 September 2026. Source 1 Source 2
Federal domestic debt alone made up over half
Federal domestic debt was NGN 86.999 trillion, equivalent to 52.16% of the full public debt stock. Federal external debt added NGN 65.774 trillion, or 39.44% of the total. State and Federal Capital Territory amounts appear in separate rows. Source 1
State and FCT external debt exceeded their domestic debt
States and the Federal Capital Territory had NGN 9.424 trillion of external debt and NGN 4.591 trillion of domestic debt. Taken together, the two categories made up about 8.4% of the national portfolio, based on the DMO’s published shares. Source 1
Read the currency columns as equivalents
The USD and NGN columns describe the same reported balances. The DMO says the official rate used for the external debt conversion was NGN 1,379.1842 per USD at 30 June 2026. The table is a stock snapshot and does not report borrowing or debt service over the quarter. Source 1