After steady growth, the FCT’s debt spiked sharply by 139% in Q4 2025

  • FCT Abuja’s domestic debt jumped from ₦79 billion to ₦189 billion in one quarter.
  • This equals a 139.1% quarter-on-quarter increase.
  • Before Q4 2025, debt growth was relatively moderate.
  • Debt fell in 2024 before recovering in 2025.
  • The 2025 recovery was gradual until the final-quarter spike.
  • Q4 2025 pushed debt to the highest level in the series.

FCT Abuja’s debt story changed suddenly at the end of 2025. For most of the period, domestic debt moved in relatively modest steps: ₦85 billion in Q1 2023, ₦89 billion by Q3 2023, ₦94 billion by Q1 2024, and then down to ₦53 billion by Q3 2024, before gradually recovering through 2025. Then came the break in pattern; from ₦79 billion in Q3 2025 to ₦189 billion in Q4 2025 — a 139.1% quarter-on-quarter jump.

Source:

Debt Management Office

Period:

2023-2025
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