Nigeria spent N5.28 trillion servicing home debt within the first part of 2026, with passion and condo bills accounting for N4.95 trillion of the full.
That is in step with knowledge launched by way of the Debt Control Place of work (DMO) on Thursday.
The DMO’s precise home debt provider figures display that the Federal Govt additionally paid N333.96 billion in fundamental repayments on promissory notes between January and June.
The figures spotlight the price of servicing home borrowing as Nigeria continues to regulate emerging debt tasks along spending wishes for infrastructure and different executive priorities.
Home passion bills succeed in N4.95 trillion
Pastime and condo bills on home debt tools totalled N4.95 trillion within the six months, accounting for the majority of the N5.28 trillion spent on home debt provider.
- Federal Govt bonds have been the biggest contributor, attracting N3.35 trillion in passion bills and accounting for a considerable proportion of the full. Nigerian Treasury Expenses (NTBs) adopted with N1.49 trillion.
- Pastime bills on Federal Govt bonds stood at N462.44 billion in January, rose to N707.25 billion in February and reached N792.34 billion in March.
- Bills at the bonds declined to N530.84 billion in April and N332.49 billion in Might earlier than emerging to N525.05 billion in June.
- Treasury invoice passion bills totalled N1.49 trillion, with March accounting for about N481.47 billion, the very best per thirty days quantity for the device all over the duration.
The federal government additionally spent N92.29 billion on FGN Sukuk leases and N8.90 billion on FGN Financial savings Bonds, whilst inexperienced bond passion bills amounted to N5.56 billion.
The figures display that standard Federal Govt bonds and Treasury Expenses made up many of the executive’s home passion burden all over the primary part of the 12 months.
Main repayments upload N333.96 billion
Past passion and condo bills, the Federal Govt spent N333.96 billion on fundamental repayments for promissory notes all over the duration.
- The bills various significantly by way of month, with March and June recording the biggest quantities. March repayments stood at N154.23 billion, whilst June bills reached N136.96 billion.
- Native-currency-denominated promissory notes accounted for N263.27 billion of the full, whilst foreign-currency-denominated promissory notes accounted for N70.69 billion.
- Per 30 days home debt provider, together with each passion and fundamental, additionally fluctuated over the duration. March recorded the very best overall at N1.43 trillion, adopted by way of February at N967.67 billion and June at N811.62 billion.
- January’s overall stood at N741.82 billion, whilst April recorded N765.19 billion. Might had the bottom per thirty days home debt provider all over the duration, at N567.16 billion.
The difference displays variations within the timing and measurement of passion bills and fundamental repayments around the executive’s home debt tools.
Debt provider prices stay a fiscal worry
The most recent figures upload to considerations concerning the assets required to provider Nigeria’s rising debt tasks.
Nairametrics previously reported that Nigeria incurred N10.61 trillion in more debt-service prices between June 2023 and December 2025, roughly N4.14 trillion greater than the N6.47 trillion spent on strategic infrastructure building over the similar duration.
The e-newsletter additionally reported that the Federal Government borrowed N11.9 trillion between June 2023 and December 2025, whilst arguing that financial reforms had created fiscal house and averted even upper borrowing.
Nigeria’s overall debt provider rose to about N16 trillion in 2025, pushed by way of upper home passion bills and sustained exterior tasks.