foreign debt increase
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Nigeria Nigeria’s Debt to China, IMF, World Bank Rises by ₦30 Trillion
Nigeria’s external debt increased by ₦30 trillion from 2023 to 2024, primarily due to the naira's devaluation. As the currency depreciated, foreign debts became more expensive, despite a slight decline in dollar terms. Multilateral lenders, including the IMF and World Bank, remain Nigeria's...- Nigeria News
- Article
- 2 min read
- foreign debt increase naira devaluation nigeria debt management nigeria external debt nigeria foreign creditors
- Category: Business
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