Thursday, 19 February 2026

Nigeria’s debt to the International Development Association has climbed to $18.7bn, rising by $1.9bn in one year.

The country is now the third-largest borrower in the World Bank’s concessional portfolio. While the loans offer favourable terms, analysts warn that their accumulation adds to external debt risks. Experts say future sustainability will depend largely on Nigeria’s revenue strength and disciplined borrowing.
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