Nigeria owes World Bank $9.81bn, says DMO

Debt is one of the main drivers of Nigeria Economy. The total debt owed to the World Bank Group by Nigeria rose by $1.3bn in one year to $9.81bn while the total public debt rose to N26.22Tn as of September 2019. The debt office said new domestic borrowings this year (N1.59tn) would be raised through FGN Bonds, Sukuk, FGN Savings Bonds and possibly green bonds.
Punch