Putting Nigeria’s ₦159 Trillion Debt in Global Perspective

Nigeria’s public debt reached ₦159.28 trillion (around $111 billion) at the end of 2025, marking a 10 percent rise from the previous year. While rising debt warrants scrutiny, a global comparison shows Nigeria’s figures remain modest next to major economies. By the same period, the United States owed roughly $38.3 trillion, China about $18.7 trillion and the United Kingdom nearly $3.8 trillion. Even other emerging markets such as South Africa and Ghana carried under $400 billion and $61 billion respectively. Nigeria’s debt-to-GDP ratio of about 52–55 percent also stays below levels seen in many advanced and emerging nations. Borrowing can fund critical infrastructure, and recent projects—from highways in Sokoto to power and rail expansions in Abuja—are cited as productive uses. Still, sustainable debt management depends on transparency, disciplined finances and efficient execution. Placing Nigeria’s borrowing in a global context helps citizens weigh the national debate more objectively.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.