3rd September 2024
Nigeria has become the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024, surpassing its previous position as the fourth-largest borrower.
A $2.2 billion rise in the country’s debt underscores a major shift in the nation’s financial dynamics under President Bola Tinubu’s administration.
According to the latest financial statements, Nigeria’s debt to the IDA has surged by 14.4%, increasing from $14.3 billion in fiscal year 2023 to $16.5 billion in 2024. READ MORE
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