Who Does Nigeria Owe?

Breakdown of Nigeria's $46.5B external and ₦88.3T domestic debt (2024)

China (Exim Bank)
$5.2B
11.1% of external debt
Ways & Means (Securitized)
₦25.5T
28.9% of domestic debt
Eurobonds
$14.3B
30.8% of external debt

By creditor type

Multilateral $22.5B (48%)

World Bank (IDA/IBRD) $18.3B

AfDB/ADF $2.4B

IMF $1.0B

Other Multilateral $0.8B

Bilateral $6.7B (14%)

China (Exim Bank) $5.2B

France (AFD) $0.6B

Japan (JICA) $0.5B

India/Germany/Other $0.4B

Commercial $17.3B (37%)

Eurobonds $14.3B

Syndicated Loans $2.7B

Diaspora Bonds $0.3B

By instrument type

FGN Bonds ₦47.2T (54%)

Treasury Bills ₦12.3T (14%)

FGN Sukuk ₦1.4T (2%)

FGN Savings Bond ₦0.3T (0%)

Promissory Notes ₦1.6T (2%)

Ways & Means (Securitized) ₦25.5T (29%)

Nigeria Debt Clock

What is the debt made of?