Nigeria’s Domestic Debt Service Rises 20.3% to N3.14tn in Q1 2026
• Interest payments gulp N2.97tn, 95% of total domestic obligations Festus Akanbi The federal government spent N3.14 trillion on servicing its domestic debt in the first quarter of 2026, representing
In Q1 2026, Nigeria's domestic debt service rose 20.3% to N3.14 trillion, as revealed by the Debt Management Office (DMO). This marked a significant increase from N2.61 trillion in the same period in 2025, and a 37.5% rise from N2.28 trillion in Q4 2025. Interest payments comprised 95% of the total domestic debt-service expenditure, amounting to N2.97 trillion, with only N169.68 billion allocated to principal repayments.
The rise in domestic debt-service payments was attributed to the escalating cost of servicing the country's domestic obligations at the beginning of the year.
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