The combined domestic debt of Nigeria’s 36 states and the Federal Capital Territory rose by N94.79bn within three months, climbing from N3.87tn in the first quarter of 2025 to N3.96tn in the second quarter, latest figures from the Debt Management Office have shown.
The increase represents a 2.45 per cent rise quarter-on-quarter, although the states’ total domestic debt was still 7.1 per cent lower than the N4.27tn recorded in the corresponding period of 2024.