Nigeria external debt 2025
Nigeria’s debt to World Bank IDA climbs to $18.2bn
Nigeria has deepened its reliance on concessional financing, with new data showing that the country’s debt to the World Bank’s International Development Association (IDA) rose to $18.2bn as of June 30, 2025. The figure represents a $1.7bn increase within one year, up from $16.5bn recorded in June 2024, highlighting Nigeria’s growing dependence on multilateral loans […]
Nigeria Clears $3.4bn IMF Debt
In a significant development that reflects Nigeria’s efforts toward fiscal responsibility and economic recovery, the International Monetary Fund (IMF) has officially confirmed that Nigeria has fully repaid the $3.4 billion loan it received in 2020 to cushion the impact of the COVID-19 pandemic. The IMF loan, disbursed under the Rapid Financing Instrument (RFI), was aimed […]