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Why Every Nigerian Now Owes ₦724,000

Nigeria Daily

Nigeria Daily
Why Every Nigerian Now Owes ₦724,000
Apr 17, 2026
Daniel Ariyo Oluwole

Nigeria’s public debt continues to rise, with the latest Debt Management Office figures showing it stood at ₦159.28 trillion as of December 31, 2025—an estimated ₦724,000 burden for every Nigerian citizen. 

These numbers are raising urgent questions about how the government will repay the debt, what future administrations may inherit, and how it affects the daily lives of ordinary Nigerians. 

Today on Nigeria Daily, we examine Nigeria’s growing debt profile, its impact on the economy, and who may ultimately bear the cost.