Nigeria remains World Bank’s third-largest borrower with $18.5bn

Nigeria continues to hold the status of the third-largest borrower from the International Development Association (IDA), the concessional lending arm of the World Bank. As reported in the IDA's financial statements for March 2026, the country's debt exposure has reached $18.5 billion as of March 31, 2026. This figure represents a slight decline in Nigeria's borrowing levels during the first quarter of the year, yet it underscores the nation's significant reliance on international financial assistance for development projects and economic stability.

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