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2 clusters · 17 sources · 15 days · First seen · Last updated
Nigeria debt servicing and external debt trends
Overview
In the first half of 2026, debt servicing costs for Nigerian state governments rose to N800.42 billion, a 39.5 percent increase compared to the same period in 2025. Lagos State contributed approximately one third of these payments, representing a 241 percent increase from the previous year. In Sokoto State, international loans and borrowings of N20.40 billion significantly exceeded the state’s internally generated revenue of N8.52 billion during the first six months of 2026.
On a national level, the World Bank’s International Debt Report 2026 indicates that Nigeria’s external debt reached $145.015 billion in 2025, marking a 6.6 percent increase from 2024 and a 74.3 percent increase over the last decade. While the debt-to-Gross National Income ratio fell to 51 percent, the debt servicing burden grew, with external debt service relative to exports rising to 19 percent.
Entities
Nigeria · France · International Development Association · Lagos State · China
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 10 SOURCES] Developing countries' external debt reached $9.4 trillion in 2025. www.liputan6.com · tanzaniatimes.net · dakar92.com · mwebantu.news · thehighstreetjournal.com · +5 more
- [● 10 SOURCES] External debt of developing countries increased by 5.5% in 2025. www.liputan6.com · tanzaniatimes.net · dakar92.com · mwebantu.news · thehighstreetjournal.com · +5 more
- [● 10 SOURCES] Public entity bond issuances rose nearly 35% to $251 billion. tanzaniatimes.net · dakar92.com · mwebantu.news · thehighstreetjournal.com · ekbis.harianjogja.com · +5 more
- [● 10 SOURCES] External debt in IDA-eligible countries increased by 8.1% to $1.3 trillion. tanzaniatimes.net · dakar92.com · ekbis.harianjogja.com · kessiya.com · mwebantu.news · +5 more
- [● 9 SOURCES] IDA-eligible countries faced an average interest rate of 8.2% on new private-creditor commitments. www.liputan6.com · mediakampung.com · thehighstreetjournal.com · dakar92.com · kessiya.com · +4 more
- [● 8 SOURCES] New bond issuances in IDA-eligible countries averaged 9.4%. www.liputan6.com · www.infomediaire.net · tanzaniatimes.net · udgtv.com · kessiya.com · +3 more
- [● 8 SOURCES] Low- and middle-income countries spent $1.4 trillion on debt service in 2025. www.liputan6.com · www.infomediaire.net · tanzaniatimes.net · udgtv.com · kessiya.com · +3 more
- [● 8 SOURCES] Debt service payments among low- and middle-income countries increased by 1.9% in 2025. www.liputan6.com · www.infomediaire.net · tanzaniatimes.net · udgtv.com · kessiya.com · +3 more
- [● 2 SOURCES] Laos faced an interest rate of 11.5%. www.liputan6.com · mediakampung.com
- [● 2 SOURCES] Morocco's external debt reached $80.5 billion at the end of 2025. www.infomaroc.net · alphabourse.ma
- [○ 1 SOURCE] Cameroon paid $1.8965 billion in external debt service in 2025. www.businessincameroon.com
- [○ 1 SOURCE] Nigeria's external debt increased to $145.015 billion in 2025. dmarketforces.com
Timeline
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[INTERNATIONAL] 17 sourcesDeveloping countries' external debt hits record $9.4 trillion
Developing countries' external debt hit a record $9.4 trillion in 2025, driven by private lending and high bond issuances, despite rising borrowing costs for the most vulnerable nations.
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[BUSINESS] 2 sourcesNigerian states' debt servicing costs rise to N800bn in six months
Nigerian states spent N800.42bn on debt servicing in H1 2026, a 39.5% increase from 2025. Lagos drove most of this rise, while Sokoto's borrowing exceeded its internal revenue.
Sources
alphabourse.ma · arise.tv · bisnis.liputan6.com · businessday.ng · businessincameroon.com · dakar92.com · dmarketforces.com · infomaroc.net · infomediaire.net · kessiya.com · mediakampung.com · mwebantu.news · nairametrics.com · pemilu2024.harianjogja.com · tanzaniatimes.net · thehighstreetjournal.com · udgtv.com