Stronger naira masks rise in Nigeria’s public debt to N159.35 trillion

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Nigeria's total public debt has increased to N159.35 trillion as of March 31, 2026, driven by continued domestic borrowing. Despite the rise, the stronger naira has masked growth in debt value expressed in local currency terms.

Nigeria's total public debt rose to N159.35 trillion as of March 31, 2026, marking a modest increase from the previous quarter but a significant jump over the past year, as the Federal Government continued to rely on domestic borrowing despite a stronger naira reducing the local currency value of external debt. The post Stronger naira masks rise in Nigeria’s public debt to N159.35 trillion appeared first on Nairametrics.