Home debt service hits N1.7 trillion in Q2 2025 on bonds, T-bills 

Nigeria’s complete home debt service reached N1.707 trillion within the second quarter of 2025 (April–June).

That is in keeping with the newest figures launched by the Debt Administration Workplace (DMO) on its official web site.

The info 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.

A breakdown of the figures signifies that Federal Authorities of Nigeria (FGN) Bonds and Nigerian Treasury Payments (NTBs) accounted for the majority of the debt service funds, reflecting the federal government’s continued reliance on home borrowing to finance budgetary deficits.

Breakdown by Devices 

• Nigerian Treasury Payments (NTBs): 
  The federal government spent N537.9 billion servicing NTBs in the course of the quarter — N254.12 billion in April, N169.39 billion in Might, and N114.39 billion in June.
• Federal Authorities Bonds (FGN Bonds): 
  Funds on FGN Bonds had been the biggest part of home debt servicing, totaling N1.074 trillion over the quarter. This comprised N502.66 billion in April, N252.54 billion in Might, and N318.84 billion in June.
• FGN Financial savings Bond (FGNSB): 
  Debt service on the retail-oriented financial savings bonds amounted to N3.19 billion, with constant month-to-month funds starting from N930 million to N1.17 billion.
• FGN Sukuk: 
  Funds on the Islamic-compliant Sukuk bonds totaled N70.72 billion, pushed by a big N43.26 billion cost in June and N27.45 billion in April.
• Inexperienced Bonds: 
  Nigeria additionally paid N1.08 billion in June for its environmental sustainability-linked Inexperienced Bonds.
• Promissory Notes: 
  The DMO information reveals that N20.14 billion was paid as principal reimbursement on Naira-denominated Promissory Notes in the course of the interval. No funds had been recorded on overseas forex promissory notes.

Nigeria’s home debt service peaked in April 2025 at N805.31 billion, earlier than dropping to N423.10 billion in Might and barely rising to N478.67 billion in June.

Extra insights 

The DMO reported that Nigeria’s complete 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 % of the whole.

The up to date report supplies an in depth breakdown of Nigeria’s debt devices, revealing a constant reliance on bonds and treasury payments to finance authorities operations and handle fiscal shortfalls.