Who owes what
Nigeria’s public debt stood at ₦166.79trn on Q2 2026. States and the FCT account for ₦14.01trn of it (8%). Federal debt dominates the total — but measured against what they earn, many states carry heavy loads, and ₦501.9bn of external-debt service was deducted from state FAAC allocations at source in the last 12 months.
Domestic debt: federal vs states & FCT
Two separate charts, because federal domestic debt is ~20× larger and would flatten the state line.
Federal Government
36 states + FCT
Source: DMO total public debt reports. External debt is converted at the CBN rate DMO reports (₦1,379.184/$ latest).
Total debt by state
Domestic + external (naira equivalent), latest DMO figures.
Debt per resident
Total debt ÷ NPC 2022 projected population. Debt relative to revenue is shown on each state page.