Nigeria Rises to Third-Largest Debtor to World Bank’s IDA, Borrowed $2bn Under Tinubu

Nigeria has emerged as the third-largest debtor to the World Bank’s International Development Association (IDA) as of June 30, 2024, intensifying the growing unease surrounding Nigeria’s public debt. In a detailed financial statement released by the World Bank, Nigeria’s exposure to the IDA soared by 14.4%, climbing from $14.3 billion in the fiscal year (FY) [...]The post Nigeria Rises to Third-Largest Debtor to World Bank’s IDA, Borrowed $2bn Under Tinubu appeared first on Tekedia.

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