Nigeria Government Debt

1960 - 2018 | Yearly | NGN bn | Debt Management Office Nigeria

Nigeria Government Debt data was reported at 20,533.636 NGN bn in 2018. This records an increase from the previous number of 18,376.999 NGN bn for 2017. Nigeria Government Debt data is updated yearly, averaging 287.443 NGN bn from Dec 1960 (Median) to 2018, with 59 observations. The data reached an all-time high of 20,533.636 NGN bn in 2018 and a record low of 0.030 NGN bn in 1960. Nigeria Government Debt data remains active status in CEIC and is reported by Debt Management Office Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.F003: Government Debt: Annual.

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What was Nigeria's Nigeria Government Debt in 2018?

Last	Previous	Min	Max	Unit	Frequency	Range
20,533.636 2018	18,376.999 2017	0.030 1960	20,533.636 2018	NGN bn	yearly	1960 - 2018

Related Indicators for Nigeria Government Debt

Related indicators	Last	Frequency	Range
Nigeria Government Debt (NGN bn)	20,533.636 2018	yearly	1960 - 2018
Nigeria Government Debt: Domestic: Instrument: Treasury Bills (NGN bn)	3,579.80 2017	yearly	1960 - 2017
Nigeria Government Debt: Domestic: Instrument: Treasury Bonds (NGN bn)	175.99 2017	yearly	1981 - 2017
Nigeria Government Debt: Domestic: Instrument: Development Stocks (NGN bn)	0.00 2017	yearly	1960 - 2017
Nigeria Government Debt: Domestic: Instrument: Federal Govt Bonds (NGN bn)	8,715.81 2017	yearly	1981 - 2017
Nigeria Government Debt: Domestic: Instrument: Special Federal Govt Bonds (NGN bn)	110.69 2017	yearly	1981 - 2017
Nigeria Government Debt: Domestic: Holder: Banking System (NGN bn)	7,028.85 2017	yearly	1960 - 2017
Nigeria Government Debt: Domestic: Holder: Banking System: Central Bank (NGN bn)	1,703.81 2017	yearly	1960 - 2017
Nigeria Government Debt: Domestic: Holder: Banking System: Deposit Money Banks (NGN bn)	5,325.04 2017	yearly	1960 - 2017
Nigeria Government Debt: Domestic: Holder: Others (NGN bn)	5,442.29 2017	yearly	1960 - 2017
Nigeria Government Debt: Domestic: Tenure: 5 to 10 Years (NGN bn)	3,276.00 2015	yearly	2002 - 2015
Nigeria Government Debt: Domestic: Tenure: Over 10 Years (NGN bn)	256.00 2015	yearly	2002 - 2015
Nigeria Government Debt: Domestic: Holder: Banking System: Sinking Fund (NGN bn)	118.35 2017	yearly	2011 - 2017
Nigeria Government Debt: Domestic: Tenure: Up to 1 Year (NGN bn)	2,772.90 2015	yearly	2011 - 2015
Nigeria Government Debt: Domestic: Tenure: 3 to 5 Years (NGN bn)	2,532.20 2015	yearly	2011 - 2015
Nigeria Government Debt: Domestic: Instrument: Federal Government Savings Bonds (NGN bn)	7.20 2017	yearly	2017 - 2017
Nigeria Government Debt: Domestic: Tenure: Over 3 Years (NGN bn)	6,251.50 2017	yearly	2013 - 2017
Nigeria Government Debt: Domestic: Tenure: 1 to 3 Years (NGN bn)	1,460.00 2017	yearly	2013 - 2017
Nigeria Government Debt: External (NGN bn)	7,759.230 2018	yearly	1960 - 2018
Nigeria Government Debt: Domestic: States (NGN bn)	3,853.436 2018	yearly	2013 - 2018
Nigeria Public Debt (NGN bn)	24,387.072 2018	yearly	2013 - 2018

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Nigeria Key Series

National Accounts	Last	Frequency	Range
Forecast: GDP PPP Per Capita (PPP Intl $)	6,977.346 2028	yearly	1990 - 2028
Forecast: Nominal GDP Per Capita (USD)	3,860.079 2027	yearly	1990 - 2027
Forecast: Real GDP Growth (%)	2.904 2027	yearly	1991 - 2027
GDP Deflator Growth (%)	11.3 Dec 2022	quarterly	Mar 2011 - Dec 2022
GDP per Capita (USD)	2,057.020 2021	yearly	1981 - 2021
Gross Fixed Capital Formation (USD mn)	30,927.816 Dec 2023	quarterly	Mar 2010 - Dec 2023
Gross National Product (GNP) (USD mn)	355,832.510 2023	yearly	1960 - 2023
Gross Savings Rate (%)	34.6 2023	yearly	1981 - 2023
Investment: % of GDP (%)	36.1 2023	yearly	1981 - 2023
Nominal GDP (USD mn)	111,302.5 Mar 2023	quarterly	Mar 2010 - Mar 2023
Nominal GDP Growth (%)	17.265 Sep 2024	quarterly	Mar 2011 - Sep 2024
Private Consumption Expenditure (USD mn)	44,757.800 Dec 2023	quarterly	Mar 2010 - Dec 2023
Private Consumption: % of GDP (%)	61.2 2023	yearly	1981 - 2023
Public Consumption Expenditure (USD mn)	3,241.642 Dec 2023	quarterly	Mar 2010 - Dec 2023
Public Consumption: % of GDP (%)	4.3 2023	yearly	1981 - 2023
Real GDP Growth (%)	2.3 Mar 2023	quarterly	Mar 2011 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%)	39.325 Dec 2023	quarterly	Mar 2010 - Dec 2023

Production	Last	Frequency	Range
Gold Production (kg)	350.000 2022	yearly	1993 - 2022
Industrial Production Index Growth (%)	4.1 Jun 2024	quarterly	Mar 2011 - Jun 2024
Minerals Production (Metric Ton)	107,328,470.000 2022	yearly	2009 - 2022
Motor Vehicle Production (Unit)	2,040.000 2008	yearly	1999 - 2008

Government and Public Finance	Last	Frequency	Range
Consolidated Fiscal Balance: % of GDP (%)	-5.7 Jun 2024	quarterly	Dec 2010 - Jun 2024
Forecast: Government Expenditure (NGN bn)	100,505.650 2029	yearly	1990 - 2029
Forecast: Government Net Debt (NGN bn)	285,181.495 2029	yearly	1990 - 2029
Forecast: Government Revenue (NGN bn)	72,588.069 2029	yearly	1990 - 2029
Government Debt: % of GDP (%)	52.8 Jun 2024	quarterly	Dec 2010 - Jun 2024
National Government Debt (USD mn)	88,444.7 Jun 2024	quarterly	Dec 2006 - Jun 2024
Consolidated Fiscal Balance (USD mn)	-3,274.101 Jun 2024	quarterly	Mar 2005 - Jun 2024

Demographic and Labour Market	Last	Frequency	Range
Employed Persons (Person)	46,488,079.000 Dec 2020	quarterly	Mar 2012 - Dec 2020
Forecast: Population (Person mn)	250.830 2028	yearly	1980 - 2028
Forecast: Unemployment Rate (%)	22.562 2018	yearly	2010 - 2018
Labour Force Participation Rate (%)	59.1 2023	yearly	1990 - 2023
Labour Productivity Growth (%)	1.14 Sep 2018	quarterly	Mar 2013 - Sep 2018
Population (Person mn)	211.5 2021	yearly	1950 - 2021
Unemployment Rate (%)	4.10 Mar 2023	quarterly	Dec 2022 - Mar 2023

Domestic Trade and Household Survey	Last	Frequency	Range
Consumer Confidence Growth (% Point)	-1.3 Dec 2020	quarterly	Jun 2010 - Dec 2020
Consumer Confidence: Net Balance (% Point)	28.9 Dec 2020	quarterly	Jun 2009 - Dec 2020
Motor Vehicle Sales: Commercial Cars (Unit)	4,700.000 2019	yearly	2005 - 2019
Motor Vehicle Sales: Passenger Cars (Unit)	5,100.000 2019	yearly	2005 - 2019
Motor Vehicles Sales (Unit)	9,800 2019	yearly	2005 - 2019
Motor Vehicles Sales Growth (%)	-42.4 2019	yearly	2006 - 2019

More Indicators for Nigeria

Indicators	Last	Frequency	Range
Nigeria NG: Imports: cif: Emerging and Developing Economies: Sub-Saharan Africa:... (USD mn)	3.88 2017	yearly	1977 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Sub-Saharan Africa:... (USD mn)	1.64 2017	yearly	1977 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Sub-Saharan Africa:... (USD mn)	1.37 2017	yearly	1948 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	0.27 2015	yearly	1986 - 2015
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Emerging an... (USD mn)	80.28 2017	yearly	1985 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	0.03 2015	yearly	1992 - 2015
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Emerging an... (USD mn)	6.04 2017	yearly	1967 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	1.93 2017	yearly	2000 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	0.58 2017	yearly	2001 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	15.51 2017	yearly	2000 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	0.32 2015	yearly	1988 - 2015
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	2.82 2015	yearly	2000 - 2015
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	0.03 2016	yearly	2000 - 2016
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	0.17 2017	yearly	2000 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Europe Not ... (USD mn)	0.06 2017	yearly	1962 - 2017
Nigeria NG: Imports: cif: Countries or Area Not Specified (USD mn)	5,597.30 2017	yearly	1953 - 2017
Nigeria NG: Imports: cif: Other Countries Not Elsewhere Classified (USD mn)	0.36 2017	yearly	1953 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: CIS: Azerba... (USD mn)	0.54 2017	yearly	1999 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Emerging an... (USD mn)	0.04 2017	yearly	1979 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: CIS: Georgi... (USD mn)	0.02 2017	yearly	2007 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: CIS: Kazakh... (USD mn)	0.06 2017	yearly	1998 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Emerging an... (USD mn)	2.04 2017	yearly	1963 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: CIS: Moldov... (USD mn)	0.99 2017	yearly	1994 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: CIS: Russia (USD mn)	665.33 2017	yearly	1993 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Emerging and Develo... (USD mn)	7,622.99 2017	yearly	1948 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: CIS: Ukrain... (USD mn)	88.69 2017	yearly	1997 - 2017
Nigeria NG: Imports: cif: Other Countries Not Elsewhere Classified: Cuba (USD mn)	0.36 2017	yearly	1985 - 2017
Nigeria NG: Imports: cif: Advanced Economies: Czech Republic (USD mn)	20.16 2017	yearly	1993 - 2017
Nigeria NG: Imports: cif: Advanced Economies: Slovak Republic (USD mn)	11.92 2017	yearly	1993 - 2017
Nigeria NG: Imports: cif: Advanced Economies: Estonia (USD mn)	15.26 2017	yearly	1993 - 2017
Nigeria NG: Imports: cif: Advanced Economies: Latvia (USD mn)	53.46 2017	yearly	1993 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Emerging an... (USD mn)	20.35 2017	yearly	1948 - 2017
Nigeria NG: Imports: cif: Advanced Economies: Lithuania (USD mn)	80.80 2017	yearly	1994 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Emerging an... (USD mn)	2.24 2017	yearly	1994 - 2017
Nigeria NG: Imports: cif: Advanced Economies: Slovenia (USD mn)	9.95 2017	yearly	1994 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Emerging an... (USD mn)	1.19 2017	yearly	1994 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Emerging an... (USD mn)	78.71 2017	yearly	1948 - 2017
Nigeria NG: Imports: cif: Emerging and Developing Economies: Europe: Emerging an... (USD mn)	18.64 2017	yearly	1964 - 2017
Nigeria NG: Imports: cif: European Union (USD mn)	8,954.21 2017	yearly	1948 - 2017
Nigeria NG: Exports: % of GDP (%)	9.50 2016	yearly	2001 - 2016
Nigeria NG: Imports: % of GDP (%)	11.60 2016	yearly	2001 - 2016
Nigeria NG: Current Account: % of GDP (%)	0.70 2016	yearly	2001 - 2016
Nigeria NG: Final Consumption Expenditure: % of GDP (%)	84.60 2015	yearly	1996 - 2015
Nigeria NG: Gross Capital Formation: % of GDP (%)	15.50 2015	yearly	1996 - 2015
Nigeria NG: Official Rate: End of Period: National Currency per SDR (NGN/XDR)	435.79 2017	yearly	1950 - 2017
Nigeria NG: Official Rate: End of Period: SDR per National Currency (XDR/NGN)	0.00 2017	yearly	1950 - 2017
Nigeria NG: Official Rate: End of Period: National Currency per USD (NGN/USD)	306.00 2017	yearly	1950 - 2017
Nigeria NG: Official Rate: End of Period: USD per National Currency (USD/NGN)	0.00 2017	yearly	1950 - 2017
Nigeria NG: Exchange Rate Index (2010=100)	61.90 2016	yearly	1948 - 2016
Nigeria NG: Nominal Effective Exchange Rate Index: From INS (2010=100)	58.74 2017	yearly	1979 - 2017
Nigeria NG: Official Rate: Period Average: National Currency per SDR (NGN/XDR)	423.99 2017	yearly	1950 - 2017
Nigeria NG: Official Rate: Period Average: SDR per National Currency (XDR/NGN)	0.00 2017	yearly	1950 - 2017
Nigeria NG: Real Effective Exchange Rate Index: Based on Consumer Price Index (2010=100)	105.50 2017	yearly	1980 - 2017
Nigeria NG: Official Rate: Period Average: National Currency per USD (NGN/USD)	305.79 2017	yearly	1950 - 2017
Nigeria NG: International Liquidity: International Reserves (XDR mn)	27,812.40 2017	yearly	1950 - 2017
Nigeria NG: International Liquidity: Gold: Volume (Fine Troy oz mn)	0.69 2017	yearly	1950 - 2017
Nigeria NG: International Liquidity: Gold (USD mn)	0.06 2017	yearly	1950 - 2017
Nigeria NG: International Liquidity: Special Drawing Rights (USD mn)	2,135.51 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: SDRs (XDR mn)	1,499.51 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: Allocations of SDRs to Date (XDR mn)	1,675.38 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: SDR Holdings: % of Allocation (% pa)	89.50 2017	yearly	1970 - 2017
Nigeria NG: International Liquidity: Reserve Position in the Fund (USD mn)	249.89 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: Reserve Position in the Fund (XDR mn)	175.47 2017	yearly	1945 - 2017
Nigeria NG: International Liquidity: Foreign Exchange (USD mn)	37,223.13 2017	yearly	1950 - 2017
Nigeria NG: International Liquidity: Total Reserves Minus Gold (USD mn)	39,608.53 2017	yearly	1950 - 2017
Nigeria NG: IMF Account: Fund Position: Lending to the Fund (XDR mn)	0.00 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: UFC: Outstanding Loans: Structural Adj. ... (XDR mn)	0.00 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: UFC: General Resources Account (XDR mn)	0.00 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: Quota (XDR mn)	2,454.50 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: Currency Holdings: % of Quota (% pa)	92.85 2017	yearly	1961 - 2017
Nigeria NG: IMF Account: Fund Position: Fund Holdings of Currency (XDR mn)	2,279.09 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: Use of Fund Credit (UFC) (XDR mn)	0.00 2017	yearly	1945 - 2017
Nigeria NG: IMF Account: Fund Position: UFC: % of Quota (% pa)	0.00 2017	yearly	1961 - 2017
Nigeria NG: Central Bank: Foreign Assets (NGN bn)	7,342.10 2008	yearly	1959 - 2008
Nigeria NG: Central Bank: Claims on Central Government (NGN bn)	717.96 2008	yearly	1959 - 2008
Nigeria NG: Central Bank: Claims on State and Local Government (NGN bn)	0.00 2008	yearly	1960 - 2008
Nigeria NG: Central Bank: Claims on Nonfinancial Public Enterprises (NGN bn)	41.63 2008	yearly	1960 - 2008
Nigeria NG: Central Bank: Claims on Private Sector (NGN bn)	23.93 2008	yearly	1959 - 2008
Nigeria NG: Central Bank: Claims on Deposit Money Banks (NGN bn)	1,326.72 2008	yearly	1959 - 2008
Nigeria NG: Central Bank: Claims on Nonbank Financial Institutions (NGN bn)	266.61 2008	yearly	1959 - 2008
Nigeria NG: Central Bank: Reserve Money (NGN bn)	1,544.74 2008	yearly	1959 - 2008
Nigeria NG: Central Bank: Reserve Money: of which Currency Outside Banks (NGN bn)	892.91 2008	yearly	1951 - 2008
Nigeria NG: Central Bank: Foreign Liabilities (NGN bn)	33.18 2008	yearly	1960 - 2008
Nigeria NG: Central Bank: Central Government Deposits (NGN bn)	5,274.04 2008	yearly	1959 - 2008
Nigeria NG: Central Bank: Capital Accounts (NGN bn)	508.27 2008	yearly	1959 - 2008
Nigeria NG: Central Bank: Other Items: Net (NGN bn)	50.00 2008	yearly	1959 - 2008
Nigeria NG: Other Depository Corporations: Reserves (NGN bn)	907.29 2008	yearly	1951 - 2008
Nigeria NG: Other Depository Corporations: Foreign Assets (NGN bn)	1,520.73 2008	yearly	1951 - 2008
Nigeria NG: Other Depository Corporations: Claims on Central Government (NGN bn)	1,720.53 2008	yearly	1951 - 2008
Nigeria NG: Other Depository Corporations: Claims on State and Local Government (NGN bn)	149.77 2008	yearly	1969 - 2008
Nigeria NG: Other Depository Corporations: Claims on Private Sector (NGN bn)	8,300.87 2008	yearly	1951 - 2008
Nigeria NG: Other Depository Corporations: Demand Deposits (NGN bn)	3,783.54 2008	yearly	1951 - 2008
Nigeria NG: Other Depository Corporations: Time, Savings, and Foreign Currency D... (NGN bn)	4,247.83 2008	yearly	1951 - 2008
Nigeria NG: Other Depository Corporations: Money Market Instruments (NGN bn)	0.00 2008	yearly	1969 - 2008
Nigeria NG: Other Depository Corporations: Foreign Liabilities (NGN bn)	231.62 2008	yearly	1951 - 2008
Nigeria NG: Other Depository Corporations: Central Government Deposits (NGN bn)	272.02 2008	yearly	1966 - 2008
Nigeria NG: Other Depository Corporations: Credit From Monetary Authorities (NGN bn)	132.20 2008	yearly	1951 - 2008
Nigeria NG: Other Depository Corporations: Capital Accounts (NGN bn)	3,150.91 2008	yearly	1951 - 2008
Nigeria NG: Other Depository Corporations: Other Items: Net (NGN bn)	1,182.14 2008	yearly	1951 - 2008
Nigeria NG: Depository Corporations Survey: Foreign Assets: Net (NGN bn)	8,598.02 2008	yearly	1959 - 2008

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