The FCT's domestic debt rose almost fivefold in six months
Domestic debt of the Federal Capital Territory (FCT) at the end of each quarter from September 2024, from the Debt Management Office (DMO).
The domestic debt of the FCT rose from ₦78.93 billion at 30 September 2025 to ₦389.88 billion at 31 March 2026, an increase of about ₦311 billion in six months. The FCT Administration has attributed the increase to infrastructure work, but no published document names the lenders, the terms, the approval or the projects. At 30 June 2026 the figure was ₦358.79 billion.
Source: Debt Management Office (DMO), States and FCT Domestic Debt Stock, quarterly reports; June 2026 from the National Bureau of Statistics (NBS) reproduction of the DMO figures. The figures are provisional, as published.
Source documents: DMO, States and FCT Domestic Debt Stock as at September 30, 2024; DMO, States and FCT Domestic Debt Stock as at December 31, 2024; DMO, States and FCT Domestic Debt Stock as at March 31, 2025; DMO, States and FCT Domestic Debt Stock as at June 30, 2025; DMO, States and FCT Domestic Debt Stock as at September 30, 2025; DMO, Domestic Debt Data Report for the 36 States and the FCT as at December 31, 2025; DMO, States and FCT Domestic Debt Stock as at March 31, 2026; NBS, Nigerian Domestic and Foreign Debt, Q1-Q2 2026.
Show the figures
| Quarter | Domestic debt |
|---|---|
| Sep 2024 | 53.43 |
| Dec 2024 | 63.56 |
| Mar 2025 | 61.11 |
| Jun 2025 | 71.04 |
| Sep 2025 | 78.93 |
| Dec 2025 | 188.86 |
| Mar 2026 | 389.88 |
| Jun 2026 | 358.79 |
More data
- $912.5 million of Nigeria's external debt sits on four lines with no published loan behind them
- Eight of 518 federal institutions scored 50 percent or more in the 2026 Transparency and Integrity Index
- For more than half of Nigeria's foreign loans, the public record does not show how the money was used