The total debt owed of World Bank Group by Nigeria rose by $1.3bn in one year to $9.81bn as of September 2019, latest data from the Debt Management Office showed on Wednesday.

The International Bank for Reconstruction and Development and International Development Association, which make up World Bank, have over the years advanced loans to Nigeria.

The IBRD lends to governments of middle-income and creditworthy low-income countries while the IDA provides concessionary loans – called credits – and grants to governments of the poorest countries.

Nigeria’s debt to the IDA and IBRD stood at $9.41bn and N409.51m as of September 30, 2019, compared to $8.39bn and $124m in September 30, 2018, according to the DMO data.

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12.28% increase in one year

Buhari go sell this country before 2023.

Chai God save this country o

Nigeria

Rich begger !!


U rob Smith to go pay Musa