Fitch Projects Nigeria’s External Debt Service to Reach $5.2 Billion in 2025
Global credit rating agency Fitch has projected that Nigeria’s external debt service obligations will rise to $5.2 billion in 2025. The forecast was revealed in the agency’s rating commentary on Nigeria, published on April 11.
Fitch noted a recent delay in the payment of a coupon due on March 28 for Nigeria’s $4 billion Eurobond, citing it as an indication of ongoing challenges in public financial management.
The agency further estimated that Nigeria’s general government debt will remain steady at around 51% of GDP through 2025 and 2026.
Despite expectations of growth in government revenue and Gross Domestic Product, Fitch said both metrics would remain structurally low, averaging just 13.3% during the 2025–2026 period.
