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Nigeria's Private Sector Foreign Debt Hits $54.48 Billion as World Bank Data Raise Questions Over Reported 179.6% Increase
Nigeria•11 Nov 2026

Nigeria's Private Sector Foreign Debt Hits $54.48 Billion as World Bank Data Raise Questions Over Reported 179.6% Increase

Nigeria's private-sector nonguaranteed external debt reached $54.48 billion at the end of 2025, according to the World Bank's 2026 International Debt Statistics. However, official historical data show an increase of approximately 1.6 per cent from 2018, contradicting reports of a 179.6 per cent surge and highlighting the importance of accurate debt reporting.

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