Debt - Page 2 - Intelpoint

Nearly two-thirds (67%) of all crypto transactions in Nigeria are below ₦50,000, reflecting widespread use among everyday retail users.
The ₦15,000–₦25,000 band (28.2%) is the single largest group, showing consistent, small-scale engagement rather than high-value speculation.
Around 25% of users transact between ₦50,000 and ₦250,000, suggesting a growing middle class of more confident, mid-level investors.
Less than 3% of users transact above ₦1 million, confirming that Nigeria’s crypto market remains primarily retail-driven, not institutional or high-net-worth.

A majority (67.2%) of Nigerian crypto users (17.7 million people) use digital assets mainly for investment and long-term financial growth.
Overall, 26.34 million Nigerians—over one in eight adults—actively use or hold cryptocurrency, giving the country the highest adoption rate globally.
About 18.4% (4.8 million) use crypto for everyday needs such as remittances, payments, and inflation protection.
14.4% (3.8 million) identify as active traders, providing liquidity and earning income through market participation.

Total public debt hits ₦152.4 trillion, marking another milestone in Nigeria’s expanding debt profile.
Domestic debt leads at ₦80.5 trillion, making up about 53% of total obligations.
External debt stands at ₦71.8 trillion, equivalent to roughly 47%, reflecting Nigeria’s ongoing exposure to foreign lenders.
The data signals growing fiscal dependence on local markets, as authorities seek to limit exchange rate risks while still financing deficits.

The South-West recorded the highest domestic debt stock of approximately ₦1.43 trillion, largely powered by Lagos State’s ₦1.04 trillion debt.
The South-South ranks second with ₦968 billion, led by Rivers State’s ₦364.4 billion, reflecting major infrastructure and fiscal commitments.
The North-Central (₦520 billion) and North-East (₦450 billion) show moderate borrowing compared to their southern counterparts.
The North-West records the smallest combined debt stock at ₦223 billion, indicating a relatively conservative borrowing posture.

Enugu State holds the highest domestic debt in the South-East at ₦180.5 billion.
Imo ranks second with ₦97.9 billion, about 54% lower than Enugu’s figure.
At ₦15.8 billion, Ebonyi remains the least indebted in the region, maintaining a conservative borrowing stance.
Combined, the five South-East states (Enugu, Imo, Abia, Anambra, and Ebonyi) owe roughly ₦371 billion domestically as of Q2 2025.

Bayelsa holds the lowest debt with ₦65.9 billion.
Rivers’ ₦364.4 billion domestic debt is almost six times Bayelsa’s total, highlighting major fiscal disparities.
Delta (₦204.7 billion) and Cross River (₦147.3 billion) remain among the region’s more indebted states
Regional debt approaches ₦1 trillion: The six South-South states collectively hold an estimated ₦968 billion in domestic debt as of Q2 2025.

The seven North-Western states collectively owed about ₦223.4 billion in domestic debt as of Q2 2025, according to DMO data.
Kano State ranked highest with ₦56.9 billion, accounting for roughly 25% of the zone’s total debt.
Jigawa remains the least indebted in the region and in the entire country, with only ₦852 million.
Moderate debt spread: While Kano, Zamfara, and Sokoto carried the largest debt loads, the remaining states maintained relatively conservative borrowing patterns.

Lagos dominates regional debt with a domestic debt stock of ₦1.04 trillion, over 70% of the South-West’s total subnational debt.
Lagos’s debt is six times larger than that of Ogun (₦162.9 billion), the region’s next most indebted state.
At ₦10.6 billion, Ondo maintains the lowest domestic debt profile in the region, reflecting relatively modest borrowing.
The combined domestic debt of the six South-West states (Lagos, Ogun, Oyo, Osun, Ekiti, and Ondo) stood at ₦1.43 trillion as of Q2 2025.

Nigeria’s public debt rose to $99.7 billion, up from $91.3 billion in June 2024, marking a return to growth after a dollar-value decline in 2024.
The debt in local currency climbed to ₦152.4 trillion, reflecting both borrowing and continued naira depreciation.
The increase underscores ongoing domestic financing challenges and vulnerability to exchange-rate fluctuations.
The growth in dollar terms points to renewed external borrowing as the government manages debt obligations post-2024 volatility.

Debt service costs in South Africa overtook government health spending in 2020/21.
In South Africa's 2025 budget, debt service costs stand at R426.3B, compared to R296.1B for health.
Debt service costs grew at 11.3% CAGR (2017–2025), more than double the 5.0% CAGR of government health expenditure.
The gap between debt and health spending widened sharply after 2020/21, with debt consistently pulling ahead.

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