LAGOS — Nigeria's total public debt rose to N166.79 trillion at the end of June 2026, up N7.44 trillion or 4.7 per cent from N159.35 trillion in March, according to the Debt Management Office. Domestic debt accounted for N91.59 trillion and external debt N75.20 trillion. The federal government owes N152.77 trillion, while states and the FCT owe N14.01 trillion. The debt is close to 40 per cent of GDP. Economist Bismarck Rewane told Daily Trust the key question is what the borrowed money has been used for.