States, FCT external debt nears $1bn amid higher FAAC

Nigerian states and the FCT’s external debt grew by nearly $1bn to $5.68bn in 2025, despite increased FAAC revenue, raising fiscal sustainability concerns.

The Briefing Africa

May 4, 2026 · 00:15 · 5 min read

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Nigerian states and the FCT’s external debt grew by nearly $1bn to $5.68bn in 2025, despite increased FAAC revenue, raising fiscal sustainability concerns.

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States, FCT external debt nears $1bn amid higher FAAC