Delta drives N67.6 billion rise in states’ domestic debt to N4.59 trillion in Q2 2026
Nigeria’s 36 states and the Federal Capital Territory (FCT) increased their combined domestic debt by N67.57 billion to N4.59 trillion in the second quarter of 2026, driven largely by a sharp rise in Delta State’s obligations. The post Delta drives N67.6 billion rise in states’ domestic debt to N4.59 trillion in Q2 2026 appeared first on Nairametrics .
In the second quarter of 2026, Nigeria's 36 states and the Federal Capital Territory (FCT) saw a combined domestic debt increase of N67.57 billion, reaching a total of N4.59 trillion by June 30, 2026. This rise, driven primarily by Delta State's obligations, represents a 1.49% increase from the end of March 2026 when the combined debt stock was N4.524 trillion.
Delta State's domestic debt rose the most, climbing by N155.45 billion from N213.85 billion to N369.30 billion, more than doubling the overall increase across all states and the FCT. While several subnational governments experienced reductions in their debt stocks, Delta's increase alone was the largest single movement in the Debt Management Office's (DMO) Q2 data.
Other states, including Edo and Adamawa, also recorded increases, while Lagos retained the largest domestic debt stock among the states despite a decline during the quarter. The top five states by domestic debt stock were Lagos, Delta, the FCT, and Rivers, accounting for approximately 49.5% of the combined debt stock. Jigawa had the smallest debt stock at N1.04 billion, with Ondo and Anambra following at N6.16 billion and N9.62 billion, respectively. The figures cover domestic obligations as of June 30, 2026, excluding external debt obligations.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
