# Nigeria debt servicing and public debt trends

> Live situation record from CLSTR: https://clstr.news/situations/nigeria-debt-servicing-and-public-debt-trends
> Updated: 2026-08-09T14:55:27.000Z. Sources: 6. Developments: 2.

In early 2026, Nigeria's foreign debt servicing reached $920 million across January and February. During this period, capital outflows totaled $2.75 billion in February, primarily driven by capital transfers, the banking sector, and financing. While the Central Bank of Nigeria reported foreign-exchange reserves of $50.12 billion, the IMF projected that the nation's public external debt could reach $72.6 billion by 2027.

By the first quarter of 2026, Nigeria's domestic debt servicing expenditure rose to N3.14 trillion. Interest payments constituted nearly 95% of this amount, with the majority attributed to federal government bonds and treasury bills. Total public debt remained relatively stable, showing a marginal increase of 0.01% to N159.35 trillion.

## Timeline

### 2026-08-09: Nepal and Nigeria manage significant domestic debt activities

Nepal plans to raise Rs 100 billion in internal debt in Q1, while Nigeria's domestic debt servicing reached N3.14 trillion in the same period.

6 sources. https://clstr.news/cluster/nepal-and-nigeria-manage-significant-domestic-debt-activities

### 2026-07-13: Nigeria's Foreign Debt Servicing Near $1 Billion in First Two Months of 2026

Nigeria spent $920 million on foreign debt repayments in Jan‑Feb 2026 while February capital outflows hit $2.75 billion; foreign reserves rose to $50.12 billion, covering 9.6 months of imports.

6 sources. https://clstr.news/cluster/nigerias-foreign-debt-servicing-near-1-billion-in-first-two-months-of-2026

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Cite as: Nigeria debt servicing and public debt trends. CLSTR, https://clstr.news/situations/nigeria-debt-servicing-and-public-debt-trends