Nigeria’s external debt service declines to $954 million in Q1 2026
Nigeria spent $954.06 million servicing its external debt obligations in the first quarter of 2026, representing a 31.5% decline from the $1.39 billion recorded in the corresponding period of 2025. The post Nigeria’s external debt service declines to $954 million in Q1 2026 appeared first on Nairametrics .
Nigeria's external debt service costs dropped to $954.06 million in the first quarter of 2026, marking a significant 31.5% decrease from the $1.39 billion spent during the same period in 2025, according to the Debt Management Office (DMO). This decline mainly stemmed from lower principal repayments, which fell from $759.58 million in Q1 2025 to $308.33 million in Q1 2026, while interest payments and other charges remained substantial.
The decrease in debt service obligations contrasts with the fourth quarter of 2025, where Nigeria paid $1.80 billion to service its external debt, reflecting a 47.0% reduction year-over-year.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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