Nigeria paid $816.3 million to the International Monetary Fund, accounting for over 35% of total external debt service payments.
Eurobond payments followed closely, with $687.8 million paid, reflecting Nigeria’s heavy reliance on commercial debt instruments.
Multilateral lenders like IDA and AfDB collectively received about $463 million, signalling continued exposure to concessional financing.
China’s share shrinking: Payments to Chinese lenders (EXIM + CDB) totalled $235.6 million, less than 11% of total outflows, suggesting reduced Chinese debt servicing in H1 2025.
China (773M) and India (607M) together make up for about 40% of the world’s total labour force.
Nigeria ranks 5th globally with 113 million workers, the largest in Africa and only African country in the top 10.
Asia dominates, accounting for over 47% of global workers, highlighting the region’s population and production strength.
The U.S.A. (174M) ranks third, representing just about 5% of global labour but producing almost a quarter of global GDP, proving productivity, not size, drives wealth.
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.
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.
The six North Central states collectively hold ₦449.4 billion in domestic debt as of Q2 2025, according to DMO data.
Kogi and Nasarawa lead in fiscal control with ₦18.8 billion and ₦23.9 billion, respectively
Both states record the lowest debt profiles in the region. Niger State’s ₦141.5 billion debt makes it the region’s most indebted, accounting for nearly one-third of the total.
The debt gap between Kogi (lowest) and Niger (highest) stands at over ₦123 billion, highlighting stark differences in fiscal management and borrowing capacity across the zone.
