Nigeria Disagrees With World Bank Over Debt
The Federal Government has disagreed with the World Bank over concerns about Nigeria's debt sustainability. The World Bank had raised concerns about interest payments of ₦7.7tn in the first half of 2026.
The government says its fiscal position has improved. The government also says that revenue is growing faster than interest payments.
The World Bank had raised concerns about Nigeria's debt servicing/revenue ratio for the first half of 2026, put at 124 per cent. The government says this calculation is misleading.
The government says that every naira borrowed falls within the limits approved by the National Assembly. The government welcomes informed scrutiny of public finances.
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