Nigeria’s exterior debt service funds rose to $932.1 million within the second quarter of 2025.
That is based on the most recent knowledge from the Debt Administration Workplace (DMO), reflecting the nation’s ongoing fiscal stress from rising exterior obligations.
The report, titled “Precise Exterior Debt Service Funds for April – June 2025,” reveals that the whole quantity lined funds to multilateral, bilateral, and industrial collectors, with multilateral establishments accounting for the majority of the expenditure.
The information additional confirmed that out of the whole $932.1 million, multilateral collectors obtained $629.38 million, representing almost 68% of whole exterior debt service within the quarter.
The Japan Worldwide Cooperation Company (JICA), China Growth Bank (CDB), and Agence Française de Développement (AFD) categorized by the Debt Administration Workplace (DMO) as bilateral collectors obtained a mixed whole of $41.18 million, whereas funds to industrial collectors, together with Eurobond holders and Unicredit SPA, amounted to $261.55 million.
The Worldwide Financial Fund (IMF) emerged as the one largest recipient, with $415.6 million paid in principal obligations alone—almost half of Nigeria’s whole exterior debt service for the quarter.
Different key collectors
In keeping with the DMO, different funds underneath the multilateral class embrace:
- Worldwide Growth Affiliation (IDA): $121.37 million
- Worldwide Bank for Reconstruction and Growth (IBRD): $36.21 million
- African Growth Bank (AfDB): $43.75 million
- African Growth Fund (ADF): $3.66 million
- Islamic Growth Bank (IsDB): $2.22 million
- European Growth Fund (EDF): $1.69 million
Beneath the bilateral class, funds have been dominated by:
- Agence Française de Développement (AFD): $34.48 million
- China Growth Bank (CDB): $6.64 million
- Japan Worldwide Cooperation Company (JICA): $61,529
Within the industrial class, Nigeria paid $260.07 million in curiosity on Eurobonds, whereas Unicredit SPA obtained $1.47 million.
What it is best to know
Nigeria spent over $2.01 billion on exterior debt servicing between January and April 2025, marking a 50% bounce in comparison with the identical interval in 2024.
Nairametrics earlier reported that the Worldwide Financial Fund (IMF) confirmed that Nigeria totally repaid the $3.4 billion monetary help it obtained underneath the Fast Financing Instrument (RFI) to cushion the financial impacts of the COVID-19 pandemic.
“As of April 30, 2025, Nigeria has totally repaid the monetary help of about US$3.4 billion it requested and obtained in April 2020 from the Worldwide Financial Fund (IMF) underneath the Fast Financing Instrument to assist alleviate the affect of the COVID-19 pandemic and the sharp fall in oil costs,” the IMF said.
The Fund, nevertheless, famous that regardless of the total compensation of the principal, Nigeria will proceed to make annual funds of about $30 million associated to Particular Drawing Rights (SDR) costs over the approaching years. These costs come up from the distinction between Nigeria’s SDR holdings and its cumulative SDR allocation.
The DMO reported that Nigeria’s whole home debt inventory has risen to N76.59 trillion as of mid-2025.
The figures present that Federal Authorities Bonds (FGN Bonds) proceed to dominate the nation’s home debt portfolio, accounting for N60.65 trillion, or 79.18 p.c of the whole.
Nairametrics earlier reported that Nigeria’s whole home debt service reached N1.707 trillion within the second quarter of 2025.
The information reveals that the nation spent N1.686 trillion on curiosity funds throughout a number of debt devices and N20.14 billion on principal repayments, bringing the whole to N1,707,087,151,475.90 for the three-month interval.
In its most up-to-date evaluation, the World Bank projected that Nigeria’s public debt will drop from 42.9 to 39.8% of GDP, for the primary time in over a decade.
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