By Chinwendu Obienyi
Nigeria’s rising debt profile is entering discomforting quarters, as concerns shift from the sheer size of borrowings to the growing risks associated with refinancing existing obligations.
With the recent revelation from the Debt Management Office (DMO) of the country’s debt standing at N159 trillion, the structure, cost and maturity profile of the country’s liabilities are becoming increasingly critical to macroeconomic stability.
According to the debt office, Nigeria’s total public debt climbed to N159.28 trillion in the fourth quarter (Q4) of 2025, reflecting a steady accumulation driven by persistent fiscal deficits and weak revenue performance.
Domestic debt, which accounted…