Nigeria becomes third-largest debtor to World Bank’s IDA

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

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