Government Debt in Nigeria decreased to 84574.18 USD Million in the third quarter of 2020 from 85896.52 USD Million in the second quarter of 2020. source: Debt Management Office, Nigeria

Government Debt in Nigeria averaged 68491.77 USD Million from 2012 until 2020, reaching an all time high of 85896.52 USD Million in the second quarter of 2020 and a record low of 48361.37 USD Million in the first quarter of 2013. This page provides - Nigeria Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Debt - values, historical data and charts - was last updated on February of 2021.

Government Debt in Nigeria is expected to be 90000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Debt in Nigeria to stand at 80000.00 in 12 months time. In the long-term, the Nigeria Government Debt is projected to trend around 75000.00 USD Million in 2022, according to our econometric models.

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Nigeria Government Debt

Actual Previous Highest Lowest Dates Unit Frequency
84574.18 85896.52 85896.52 48361.37 2012 - 2020 USD Million Quarterly

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.98 29.10 75.00 7.30 percent [+]
Government Budget -3.60 -3.40 0.80 -6.00 percent of GDP [+]
Government Revenues 842.09 894.13 1418.87 498.54 NGN Billion [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 2339712.81 1052886.18 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1289.03 -1250.70 38.36 -1664.20 NGN Billion [+]
Government Debt 84574.18 85896.52 85896.52 48361.37 USD Million [+]
Fiscal Expenditure 2131.12 2144.83 2627.38 743.65 NGN Billion [+]