Nigeria's World Bank Debt Rises by $2.08 Billion in 2025

According to a report, Nigeria's debt to the World Bank surged by $2.08 billion in 2025, totaling $19.89 billion as of December 31, 2025. This marks an 11.7% increase from the $17.81 billion owed at the end of 2024.

The World Bank's debt comprises loans from the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD). The IDA debt rose from $16.56 billion in 2024 to $18.51 billion in 2025, an increase of $1.94 billion (11.73%).

The IBRD exposure also increased by $1.24 billion (11.41%). The World Bank accounted for 38.36% of Nigeria's total external debt stock, which rose to $51.86 billion in 2025, a 13.27% increase from $45.78 billion in 2024.

Despite being Nigeria's largest external creditor, the World Bank's share of total external debt has declined. Economists warn that while borrowing can support development, it must be managed prudently to avoid fiscal pressures.