Who Does Nigeria Owe?

Breakdown of Nigeria's $44.0B external and ₦65.7T domestic debt (2024)

China (Exim Bank)
$3.8B
8.6% of external debt
Ways & Means (Securitized)
₦19.4T
29.5% of domestic debt
Eurobonds
$15.6B
35.5% of external debt

By creditor type

Multilateral $20.8B (47%)

World Bank (IDA/IBRD) $13.1B

AfDB/ADF $3.2B

IMF $2.8B

Other Multilateral $1.7B

Bilateral $5.2B (12%)

China (Exim Bank) $3.8B

France (AFD) $0.5B

Japan (JICA) $0.4B

India/Germany/Other $0.5B

Commercial $18.0B (41%)

Eurobonds $15.6B

Diaspora Bonds $0.3B

Other Commercial $2.1B

By instrument type

FGN Bonds ₦32.5T (50%)

Treasury Bills ₦10.8T (16%)

FGN Sukuk ₦1.2T (2%)

FGN Savings Bond ₦0.3T (0%)

Promissory Notes ₦1.5T (2%)

Ways & Means (Securitized) ₦19.4T (30%)