Nigeria’s mounting debt profile has come under renewed scrutiny, as fresh data show the country has risen to become the third-largest borrower from the International Development Association (IDA), even as its total public debt surged to ₦153.29 trillion. Figures contained in the IDA Management’s Discussion and Analysis for the period ended December 31, 2025, reveal that Nigeria’s exposure to the World Bank’s concessional lending arm rose to $18.7 billion — a $1.9 billion increase from $16.8 billion recorded at the end of 2024. The 11.3% year-on-year rise places Nigeria behind…
Read MoreNigeria’s World Bank exposure hits $18.7bn, as public debt climbs to ₦153.29tr
