Nigeria Becomes 3rd Largest IDA Debtor, Secures $2.2bn Under Tinubu

Nigeria Becomes 3rd Largest IDA Debtor, Secures $2.2bn Under Tinubu …C0NTINUE READING HERE >>>

Nigeria has become the third largest debtor to the World Bank’s International Development Association (IDA) as of June 30, 2024, marking a significant increase in the country’s borrowing from the institution.

This development has reflected a substantial shift in Nigeria’s financial landscape under the administration of President Bola Tinubu.

According to the World Bank’s latest financial statements, Nigeria’s exposure to the IDA has surged by 14.4%, rising from $14.3 billion in…

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