🇳🇬 Nigeria
Public Sector Debt · 2026
Total Debt
36.3%
of GDP
Global Rank
#159
of 192
Interest Burden
23%
of govt revenue
S&P Rating
B-
Credit rating
SOE Debt
+1.3%
1 categories
Where the Debt Sits
Central Government
Central Government: 35.0%Energy SOEs: 1.3%
Who Holds This Debt
Holder Breakdown
Domestic 60%
Foreign 40%
Domestic: 60%Foreign: 40%
Currency Denomination
Local 60%
Foreign 40%
Local currency: 60%Foreign currency: 40%
Full Debt Breakdown
Central Government35.0% of GDP
Central GovernmentIMF WEO — General Government Debt
35.0%Energy SOEs1.3% of GDP
NNPCL (crude-backed loans & arrears)Investors King / Naija NewsN8.07T in crude-backed loan obligations. Govt cancelled $1.42B + N5.57T in Dec 2024.
1.3%Total Corporate Debt10.0% of GDP
Nonfinancial corporate debt (est.)World Bank/IMF estimate 2023
10.0%Household Debt4.1% of GDP
Household debt (est.)World Bank/IMF estimate 2023
4.1%Unfunded Pension Liabilities10.0% of GDP
Legacy civil service pension (est.)OECD/World Bank Pensions in Africa 2009; PENCOMCPS (2004) shifted to funded DC. Legacy declining.
10.0%All Layers Total60.4%
Credit Ratings
S&P
B-
Moody's
Caa1
Fitch
B-
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202635.0% GDP
Ranking Neighbors
Compare Nigeria with other countries
Enter the Arena