With $16.5bn debt, Nigeria now third largest debtor to World Bank's IDA

Nigeria is the third-largest debtor to the World Bank’s International Development Association (IDA) as of June 30.

Nigeria is the third-largest debtor to the World Bank’s International Development Association as of June 30.This was published in a financial statement dated June 30 2024, recently released by the World Bank.

The loans to Nigeria increased by $2.2 billion compared to the $14.3 billion recorded at the end of 2023. “Monitoring these exposures relative to the SBL requires consideration of the repayment profiles of existingThe Debt Management Office , on June 20, said Nigeria’s total public debt increased to N121.67 trillion in the first quarter of 2024, compared to the N97 trillion recorded in December 2023.

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