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Trending News: BREAKIN: NSCDC Officers Brutalise Two Brothers And Their Mother In Abuja For Wearing ‘RevolutionNow’ Berets, Deny Them Medical AttentionArmy Arrest 43 Oil Thieves, Confiscate Over 254,000 Litres of Stolen Products in N’Delta#RepealTheCyberCrimeAct: Nationwide Protests Hit Lagos, Oyo As Nigerians Rise Against Suppression Of Free SpeechBREAKING: Police Disperse Peaceful Protesters With Tear Gas In Abuja, Activists ArrestedBREAKING: Nigerian Police Attack #RepealTheCyberCrimeAct Protesters, Assault Journalists In RiversBREAKING: Police Arrest Social Media Influencer ‘Flag Boy’, Three Others During Anti-Cybercrime Protest In AbujaBREAKING: Nigerian Security Agents Arrest Take-It-Back Movement Coordinator, Four Other Peaceful Protesters In YobeCross-Party Alignment: Wike Has Lost PDP Membership, Says CP-PDPKogi Chief Judge Admonishes Trained Ex-convicts to Shun CrimeOyebanji: Ekiti Set to Employ Doctors, Nurses on National Assembly Members’ Bill‘Non-release of Capital Vote Hampering Growth’Oduwole:  Trump’s Tariff to Impact $6bn Annual Exports to USS&P 500 Loses $5 Trillion in Two Days on Trump’s Tariff SelloffNSA: FG Addressing Security Breaches in Plateau Now, Condemnation Trails KillingsNNPC Ships Out First Crude Cargo on Delta Tanker to Europe FG: 75,000 of 3.2m Electricity Meters for Delivery in April, 200,000 Units in MayShettima: Tinubu’s Bold Vision Will Transform Nigeria into Vibrant, Prosperous Nation Adeleke to Attend Investment Summit and Commonwealth Trade & Investment Forum in LondonMedical, Dental Consultants Link ‘Rumblings’ in DUFUTH to Unhealthy Rivalry, Proffer Lasting SolutionsUmahi Inspects Third Mainland, Eko, Carter Bridges,  Warns Against Illegal Dredging In Line with ICAO Recommendation, FAAN Upgrades Security Infrastructure at Nation’s AirportsSolid Minerals Sector: Senate Pledges Legislative Support for Chinese Firms Investing $1bn  FG Flags Off 3m Scf CNG Plant in A’Ibom, to Leverage Gas for IndustrialisationIndia-bound 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Organising Secretary Over Monday ProtestEx-minister Storms Sterling Bank, Opens Account in Support of Zero Transfer FeesTinubu Mourns Ex-Oyo Governor, Omololu OlunloyoIbas Moves to Rehabilitate Damaged Rivers LG SecretariatsWarri Federal Constituency: INEC Presents Delineation Report to Delta Ethnic GroupsSouthern Govs Mourn Olunloyo, Say He Was Highly Distinguished Among GeniusesTinubu May Commission Projects in FCT Area Councils Next Month PCNGi, Firm Sign $27.3m Deal to Construct 7mmscfd LNG PlantOne Dead, Two Injured as Container Falls on Seven Vehicles in LagosSeven Die, Four Injured in Lagos-Ibadan Expressway CrashTragedy As Tipper Crash Claims Multiple Lives In Nigeria’s Capital TerritoryUkachukwu Emerges APC Guber Candidate for Anambra Nov PollBreaking: Ex-Oyo Governor, Omololu Olunloyo, Dies at 89EXCLUSIVE: Newly Married Woman Who Stopped Working With Patience Jonathan In 2018 Among Domestic Staff Detained Since 2019 Over Missing JewelleryBREAKING: Herdsmen Invade Benue Community And Hometown Of Ex-Senate President David Mark, Residents Currently FleeingUS Tariffs: To Maintain Liquidity, CBN Injects Dollars into FX MarketTension Grips Kano over Emir Sanusi’s Invitation by IGDMO: Nigeria’s Public Debt Stood at N144.665 Trillion in December 2024Anti-Trump Rallies Draw Thousands Across USPolice Issue Red Alert on Planned April 7 Nationwide ProtestUromi Killings: Kaduna Police Arrest Impostor Threatening ReprisalsTinubu to Alaafin: Foster Peace, Promote Cultural Identity, Support GovernanceCross River Governor, Otu, Cancels Leave Extension, Resumes DutiesLagos Vows Justice over Death of Pregnant Woman Allegedly Denied Emergency CareTinubu, Abbas, Northern Governors Condemn Killings  in Plateau CommunitiesAt Senegal’s 65th Independence Anniversary: Shettima Canvasses Deeper Cooperation in Trade, Security, DemocracyOkpebholo: Ighodalo, PDP’s Appeal will Crash at Appeal CourtAnambra Governorship Primaries: APGA Returns Soludo Unopposed, Moghalu Wins LP TicketEdo Moves to Reclaim Oil Wells Allegedly Ceded to DeltaFG Budgets N450 Billion for Renewable Energy, Poverty Reduction, Says MinisterAtiku: Reports of My Resignation from PDP Malicious Lies, Political Hatchet JobBe Guided by National Interest, House Committee Chair Tells New NNPCL BossEducation Minister Seeks Extension of NYSC Scheme to Two YearsTinubu Working to Reposition Health Sector, Says ShettimaEdwin Clark for Burial May 13President to Commission Projects in FCT Councils for Second Anniversary, Says WikeNavy Confiscates Vessels Carrying Illicit Arms, Crude Oil in Niger Delta2027: Gusau, Others Host North-central Power-shift AgitatorsBroadcasting Talents Nigeria Honours Sanwo-OluLagos Lawmaker, Okanlawon, Celebrates 60 in StyleHow Filmmaker Nnegest Likké’s ‘Phat Girlz’ Brought Afrobeats to Hollywood 19 Years AgoSnapshots of iREP 2025Oluyinka Adewoye Tackles Hunger with FoundationWhy Senator Jibrin Barau is North-west’s Most Important Political ForceAgain, Ex-Minister Betta Edu Sets Tongues WaggingWho is Afraid of Senator Yayi? Aisha Rimi’s Matchless ExploitsTokunbo Wahab’s Unmatched Drive to Clean Up LagosEmmanuel Uduaghan’s Good ExampleFemi Gbajabiamila’s Legacy of EmpowermentWhat’s Cooking in Nigeria’s Merchant Banking Scene?For Mele Kyari, It’s the End of an EraWHY PRESIDENTS AND VPS SHOULD RARELY TRAVEL TOGETHERAKINBORO AND SUBSERVIENT FEDERALISMRIVERS’ EMERGENCY RULE: WHAT’S NEXT?MELE  KYARI: END OF A GLORIOUS CAREERTribunal: Ighodalo, PDP Cry Foul, Head to Appeal CourtFor Tsiga, There was Indeed a CountryGovernment’s Culpability in Edo KillingsTasks Before Bayo Ojulari at NNPCLSydney Okechukwu Edeh: Leading Enugu ALGON in an Era of Disruptive InnovationUrgent Aid Saves GBV Shelter From Imminent ClosureDSO or Die Trying: Why Nigeria Must Ditch the Past and Embrace a Digital FutureConstruction of Illegal Structures on Major Canal: Can Sanwo-Olu Stop Land Grab Threatening Jalupon Close, Surulere, Mushin, Apapa?DMO: Nigeria’s Public Debt Grew 49% to N144.67tn by December 2024
Mon. Apr 7th, 2025

DMO: Nigeria’s Public Debt Grew 49% to N144.67tn December 2024

Ndubuisi Francis in Abuja 

Nigeria’s total public debt, comprising debts owed by the Federal and state governments, as well as the Federal Capital Territory (FCT)  increased to N144.67 trillion ($94.23 billion) by December  31, 2024, up from N97.34 trillion ($108.23 billion) posted at the end of December 2023, the Debt Management Office (DMO) has revealed.

In its latest debt statistics, the figure represented a 48.58 per cent year-on-year increase.

The steep increase was traced to new external borrowings and the impact of naira depreciation, which raised the naira equivalent of dollar-denominated debt.

According to the debt management agency, the statistics equally revealed a quarter-on-quarter rise of 1.65 per cent from the N142.32 trillion ($88.89 billion) recorded at the end of September 2024.

The development underscored the unabating rise in the nation’s public debt profile. 

Details later…

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