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B.1 Federal Government’s Domestic Debt Outstanding
B.2 Holdings of Federal Government’s Domestic Debt Outstanding
B.3 Nigeria's Public External Debt Outstanding
B.4 Domestic Debt of State Governments
B.5 Local Governments' Total Outstanding Debts
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Table B.1:
Federal
Government's
Domestic
Debt
Outstanding
(₦' Billion)
Year
Treasury Bills
FGN Bonds
Treasury Certi

5.782
2.0575999999

9.782
1.6685999999

13.476000000000001
4.8943999999

15.476000000000001
6.4131

16.975999999999999
6.6541000000

16.975999999999999
6.6547000000

25.225999999999999
6.6541000000

35.475999999999999
6.7946

24.126000000000001
6.9446000000

25.475999999999999
34.214599999

57.763100000000001
34.214599999

119.75280000000001
35.241399999

116.38069999999999
36.584300000

170.92589999999998
37.342699999

276.90520000000004
23.596299999

179.62799999999999

364.52350000000001

378.5301

361.75840000000005

465.53570000000002

584.53579999999999

733.76250000000005

825.05449999999996 72.56

871.577
72.56

854.82839999999999 250.83

643.94090000000006

574.92942999999991 1186.1600000000001

471.92942800000003 1445.5995819999998

797.48244599999998 1974.9265700000001

1277.101559
2901.6003289999999

1727.914364
3541.1988480000005

2122.9269570000001 4080.0488479999999

2581.550643
4222.0377099999996

2815.5237529999999 4792.2812210000002

2772.8670379999999 5808.140821

3277.2788310000001 7564.9374655920001

3579.7991379999999 8715.81

2735.9675379999999 9334.7379825919998

2651.5140419999998 10524.157315592

2720.4364930000002 11830.260673592

3786.137291
13963.219813592001

4422.7167989999998 16421.564060591998

6522.0004639999997 44260.216370592003 0

12351.121932
55436.128938419999 0
Sources:
Central Bank
of Nigeria
and Debt
Management
Office
Notes:
Issuance of
FGN Bonds
commenced
in 2003.
Development
Stocks were
fully paid by
end-2010.
FGN Savings
Bond, FGN
Sukuk and
FGN Green
Bond were
introduced in
March,
September
and
December of
2017,
respectively.
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Table B2:
Holdings of
Federal
Government's
Domestic
Debt
Outstanding
(₦' Billion)
Year
CBN
Deposit Money Banks Sinking Fund

4.5236000000000001 1.8432999999999999 0

6.4888999999999992 2.9933000000000001 0

10.402200000000001 5.5259

9.5317000000000007 9.6201000000000008 0

9.9055
11.3888

16.103300000000001 4.5701999999999998 0

17.646900000000002 7.8581000000000003 0

26.635999999999999 7.4775000000000009 0

15.6477
3.6985999999999999 0

27.380800000000001 9.0644999999999989 0

62.2943
7.4865000000000004 0

138.7696
6.2284000000000006 0

202.43470000000002 38.879400000000004 0

308.44081349960999 47.272100000000002 0

414.28593392920999 22.2956

312.80426257656995 56.065200000000004 0

403.30154926672003 45.100099999999998 0

454.91050820316997 57.675000000000004 0

530.42082642499997 201.49080000000001 0

498.92
344.89

569.51
386.45

519.77080000000001 460.22949999999997 0

613.79
500.43

403.46170000000001 669.0702

408.42093999999997 726.22663999999997 0

335.53469999999999 882.85094000000004 0

293.5838
1410.04251

289.37
1482.16

323.18
1274.58
284.72000000

343.14
2605.0100000000002 144.37

348.84
3790.9
146.49

398.26827514500002 3580.42
160.31887

468.86
3293.83
158.59

180.21
3982.72
176.77

877.3
3284.01
162.19999999

1688.2
3736.02
140.44999999

1703.8
5351.8
118.4

2032.2812205919997 5040.808524
108.43521

1899.4498295778881 5571.8836036486109 96.713140999

2564.7079941821708 7090.898588115615
100.988

2421.4199443701641 9687.4910930543065 61.696442000

3506.2770942101142 11004.647983934501 47.867663999

25901.1637743069
14241.424101000001 0

28034.599440306898 21975.595042000001 0
Source:
Central Bank
of Nigeria
and Debt
Management
Office
Note: The
National
Assembly
approved the
securitization
of ₦22.7
trillion CBN
ways and
means
advances to
the Federal
Government
in May 2023.
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Table B.3:
Nigeria's
Public
External
Debt
Outstanding
(₦' Billion)
Years
Multilateral
Paris Club
London

0.17959999999999998 1.9759

0.53039999999999998 5.4743999999999993 1.9817

0.56640000000000001 6.0022000000000002 2.7588000000

1.2712000000000001
6.3603999999999994 5.4436999999

1.2935000000000001
7.7263999999999999 6.1642999999

4.6707000000000001
21.725300000000001 8.4447000000

8.7814999999999994
63.205599999999997 6.7664999999

9.9917999999999996
75.445300000000003 14.9861

21.473599999999998
121.2296
42.84

34.606300000000005
154.5506
53.431800000

39.458300000000001
173.05120000000002 58.238099999

89.274299999999997
324.72990000000004 41.890599999

81.456299999999999
400.3809
45.323800000

97.056600000000003
404.21259999999995 45.367899999

97.042000000000002
476.7312
44.99

102.63
420.00200000000001 44.945999999

96.198999999999998
417.56880000000001 44.945999999

93.213999999999999
458.25779999999997 44.945999999

361.19490000000002
1885.6648
187.62710000

379.04300000000001
2320.2689999999998 223.83260000

313.50470000000001
2475.5093999999999 228.95020000

375.70009999999996
3220.8235
182.96449999

413.8777
3737.2799
196.15690000

384.24869999999999
4196.8445999999994 196.15549999

330.65440000000001
2028.5801000000001 189.76839999

332.2192

374.30347389999997

464.55784560000006

524.20460580000008

635.44772160000002

723.12296839999999

828.72161529999994

986.83795199999986

1142.3

1489.4064633

2436.4040499999996

3133.8806400000003

3381.40238

4127.28388

6832.7168399999991

7704.8570787550434

9061.3648827577454

19021.595332410001

34274.488141152004
Sources:
Central
Bank of
Nigeria and
Debt
Management
Office

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Table B.4:
Domestic
Debt of State
Governments
(₦' Billion)
State

Abia
24.202240000000003 8.6637857495400006
31.73672370
Adamawa
25.9542
24.284060293610001
15.97651632
Akwa-Ibom
41.253910000000005 108.88939260956001
125.0370376
Anambra
6.4033199999999999 14.299992428040001
3.025797046
Bauchi
18.34573
18.807271224209998
16.82550839
Bayelsa
162.82264999999998 222.40177013028
69.51313390
Benue
16.631139999999998 24.402439512360001
24.98787490
Borno
1.6845599999999998 24.42319727964
23.94315000
Cross-River
90.750050000000002 90.872909453459997
116.0616348
Delta
90.843570000000014 83.684012083550002
102.1002012
Ebonyi
40.239940000000004 28.895754999499999
13.23609294
Edo
39.0443
62.27474267793
48.19015012
Ekiti
23.66751
39.587701580359997
22.37636839
Enugu
10.887169999999999 17.354185792709998
12.06139549
Gombe
7.17042
30.243536993379998
27.99283930
Imo
25.419400000000003 16.700726473350002
12.63353478
Jigawa
1.5905400000000001 2.08142562394
1.612286807
Kaduna
34.771709999999999 22.855929138
9.831844875
Kano
5.8672899999999997 5.8672905420000001
32.20700856
Katsina
2.0598800000000002 0.91892588675999998 0.269653436
Kebbi
7.2910500000000003 2.7160072
0.853678191
Kogi
34.122120000000002 14.979189827000001
7.109873890
Kwara
25.254470000000001 29.776558978490002
22.41665438
Lagos
157.53616
230.43288048176001
278.8670665
Nassarawa
5.3360600000000007 7.0961404742599994
28.84854484
Niger
16.97551
17.802495694000001
24.73174616
Ogun
30.143969999999999 45.726563647169996
58.38199606
Ondo
48.369860000000003 36.518092218010004
30.88317813
Osun
5.4636400000000007 38.6
41.4
Oyo
4.8083900000000002 11.726214521719999
19.10604734
Plateau
20.90812
24.117321248880003
52.41633401
Rivers
83.978390000000005 81.459189147149999
129.5496464
Sokoto
4.90205
2.9973095195199999
5.739570055
Taraba
17.97466
16.701017997040001
13.88397877
Yobe
2.0884
3.9912171091499999
1.122635101
Zamfara
12.96838
15.508107216320001
28.21764666
FCT
85.563890000000001 123.99277048351
84.32410264
TOTAL
1233.2946499999998 1551.6501262361596
1537.471452
Source: Debt
Management
Office
(DMO)
Note: 2023
figures for
the FCT and
31 states
were as at
Dec-31,
2023. Benue
& Enugu as
at Sep-30,
2023;
Katsina &
Rivers as at
Mar-31,
2023; and
Kano as at
Dec-31,
2022.
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Table B.5:
Local
Governments'
Total
Outstanding
Debts (₦'
Million)
State
No
of
LGs

Abia

152.12988054000002 55.761371349685717
2718.42
Adamawa

1571.624
64.406475125364381
1567.95
Akwa Ibom

24.2
12.399019283784234
303.443
Anambra

1441.2855709999999 21.69143608241837
410.7
Bauchi

1348.3146954900001 78.164179697969942
1567.66
Bayelsa

149.91
3.2964573016185619
103.21
Benue

1044.8215867599999 28.811426437935424
1113.32
Borno

833.94215296000004 3.9857287604217921
9053.55
Cross River

638.30155790999981 35.049974937046393
608.340
Delta

1557.7242385100001 80.836144407208195
2987.52
Ebonyi

22.644250849999999 9.7373942876690602
707.936
Edo

292.40859136
50.450176421426249
1352.23
Ekiti

492.95098999999999 1665.6193359326885
16580.5
Enugu

598.45716000000004 24.996056081544516
1240.21
Gombe

90.277350589999983 15.897517909805906
1100.20
Imo

281.33130299999999 30.423237177467414
1111.14
Jigawa

436.99662503000002 4.9834370705266666
458.043
Kaduna

245.5411
43.889536318227258
880.839
Kano

2380.7992953600001 95.759560120738101
1920.56
Katsina

27.614417920000001 10.446980387684397
163.061
Kebbi

235.24918199999999 30.035941241398703
3483.12
Kogi

819.02559697000004 19.270311182367237
2210.40
Kwara

1193.5745735800001 16.403036467884942
839.451
Lagos

257.09657098000002 16.568802782770746
1380.33
Nassarawa

819.59485672000005 9.7348839342366649
942.549
Niger

377.57595952000003 7.2004184252301364
304.445
Ogun

15.178834452753295
496.789
Ondo

427.20129125
23.13687222690633
460.654
Osun

75.710261220000007 0.97785831807278956 405.601
Oyo

557.65612999999996 198.75249442217597
217.646
Plateau

1026.3882009199999 24.401018568936994
2549.25
Rivers

1303.8779906500001 4.7821875225900952
542.878
Sokoto

277.92635999999999 33.520653316295565
886.908
Taraba

3196.44695
59.338386033132878
1330.57
Yobe

42.802019999999999 56.266327897133394
71.7510
Zamfara

581.73396681999998 14.597687894868024
232.172
Fct

540.64189075000002 39.354542969716711
1442.47
Total
774 25363.77656866
2906.1257027477009
63745.9
Source:
Central Bank
of Nigeria
Annual
Survey
1Provisional