DMO Says Domestic Debt Service Hits ₦1.7trn Q2 2025

The Debt Management Office, DMO, says that Nigeria’s total domestic debt service reached ₦1.707 trillion in the second quarter of 2025 (April–June), according to figures obtained from its official website on Friday.
The data showed that the country spent ₦1.686 trillion on interest payments across multiple debt instruments and ₦20.14 billion on principal repayments, bringing the total to ₦1,707,087,151,475.90 for the three months under review.
The country's domestic debt service peaked in April 2025 at ₦805.31 billion, before dropping to ₦423.10 billion in May and slightly rising  again to ₦478.67 billion in June, indicating that the Federal Government's Bonds and Nigerian Treasury Bills, NTBs, accounted for the bulk of the debt service payments, thus showing the government’s continued reliance on domestic borrowing to finance budgetary deficits.
According to the DMO, Nigeria’s total domestic debt stock has risen to N76.59 trillion as of mid-2025, with the government spending N537.9 billion on NTBs  servicing during the quarter — N254.12 billion in April, N169.39 billion in May, and N114.39 billion in June.
The Federal Government Bonds, FGN Bonds, repayments also showed that  the largest component of domestic debt servicing, totaled N1.074 trillion over the quarter, comprising N502.66 billion in April, N252.54 billion in May, and N318.84 billion in June even as FGN Savings Bond, FGNSB, Debt service on the retail-oriented savings bonds amounted to N3.19 billion, with consistent monthly payments ranging from N930 million to N1.17 billion.