Government Debt in Nigeria increased to 86392.54 USD Million in the fourth quarter of 2020 from 84574.18 USD Million in the third quarter of 2020. source: Debt Management Office, Nigeria

Government Debt in Nigeria averaged 69034.22 USD Million from 2012 until 2020, reaching an all time high of 86392.54 USD Million in the fourth 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 May of 2021.

Government Debt in Nigeria is expected to be 88000.00 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 83000.00 in 12 months time. In the long-term, the Nigeria Government Debt is projected to trend around 78500.00 USD Million in 2022 and 76500.00 USD Million in 2023, according to our econometric models.

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Nigeria Government Debt

Actual Previous Highest Lowest Dates Unit Frequency
86392.54 84574.18 86392.54 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 -3.80 -4.20 0.80 -6.00 percent of GDP [+]
Government Revenues 903.52 997.49 1480.87 498.54 NGN Billion [+]
Fiscal Expenditure 2387.46 2541.97 2625.09 743.65 NGN Billion [+]
Government Spending 1409720.94 1889404.68 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1483.93 -1544.48 38.36 -1664.20 NGN Billion [+]
Government Debt 86392.54 84574.18 86392.54 48361.37 USD Million [+]
Military Expenditure 1876.00 2043.00 7314.00 188.00 USD Million [+]
Credit Rating 28.00 [+]