Nigeria’s rising debt dependence

IN just 20 months, Nigeria has secured N13.21 trillion ($8.6 billion) in loans from the World Bank alone, with an additional $2.2 billion in borrowing expected in 2025. While access to concessional loans can be a critical financial lever for development, the growing reliance on borrowings amid a rising debt profile—now at N144.67 trillion—raises concerns Read More

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