Post by Ojogun Victor Danboyi (@realwaves)
Nigeria Total Public Debt (2010–2025)
Year Total Public Debt Notes
2010 ₦5.23 trillion Post-debt relief era
2011 ₦6.17 trillion Moderate borrowing
2012 ₦7.55 trillion Infrastructure spending rises
2013 ₦8.32 trillion Stable growth
2014 ₦10.04 trillion Oil price shock begins
2015 ₦12.60 trillion Revenue decline
2016 ₦17.36 trillion Recession borrowing
2017 ₦21.73 trillion Eurobond expansion
2018 ₦24.39 trillion Continued borrowing
2019 ₦27.40 trillion Pre-COVID level
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Ojogun Victor Danboyi: 2020 ₦32.92 trillion COVID-19 financing
2021 ₦39.56 trillion Large deficit funding
2022 ₦46.25 trillion Rising debt service
2023 ₦87.91 trillion* FX revaluation effect
2024 ₦121.67 trillion Exchange-rate impact
2025 ≈ ₦152.40 trillion (mid-year) Continued borrowing trend
2021 ₦39.56 trillion Large deficit funding
2022 ₦46.25 trillion Rising debt service
2023 ₦87.91 trillion* FX revaluation effect
2024 ₦121.67 trillion Exchange-rate impact
2025 ≈ ₦152.40 trillion (mid-year) Continued borrowing trend