Friday, September 6, 2019

Nigeria's External Debt: China's Role

Nigeria's External Debt Office released a report on Nigeria's external debt stock as of 31 March 2019.

Nigeria's total external debt of $26 billion consists primarily of debt held by international financial institutions such as the World Bank Group and African Development Bank Group at 44 percent of the total and commercial debt at 44 percent of the total. Bilaterial debt accounts for about 12 percent of the total and China holds just under 10 percent of all bilateral debt.

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