Nigeria
NIGERIA’S EXTERNAL DEBT HITS $145BN AS CHINA ACCOUNTS FOR $5.67BN, WORLD BANK REPORT REVEALS
Nigeria’s total external debt rose to $145.02 billion at the end of 2025, according to the World Bank. China accounted for $5.67 billion, or about 85 percent of Nigeria’s bilateral debt. The report also showed that external debt servicing consumed 19 percent of export earnings. The figures emerged as President Tinubu sought National Assembly approval for a new $7.7 billion external borrowing plan to help finance the 2026 budget.
BigV•6h ago•1 min read