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WORLD BANK LOANS
Nigeria’s external debt has risen by about $12 billion in the last two and a half years under President Bola Ahmed Tinubu, highlighting the increase in borrowing that has accompanied his administration’s economic reforms.
Nigeria has received only about 16% of the total loan approved by the World Bank under the administration of President Bola Tinubu.
Nigeria has secured a total of $4.95 billion in loans from the World Bank under the administration of President Bola Tinubu amid concerns over the country’s rising external debt servicing costs.