Nigeria’s debt to World Bank hits record $18.23bn

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… As FG pays N5.12bn pension arrears

Nigeria’s debt to the World Bank has risen to an all-time high of $18.23 billion as at March 31, 2025, reflecting a $420 million increase in just three months and underscoring the country’s deepening reliance on multilateral financing. 

The latest figure, released by the Debt Management Office (DMO), shows the World Bank now accounts for 39.7…

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