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Nigeria’s foreign debt to hit $72.6bn after 2027 polls – IMF

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Nigeria’s foreign debt to hit $72.6bn after 2027 polls – IMF

10 Jun, 2026

Nigeria’s public external debt is projected to rise by $20.7bn by 2027, the country’s election year, according to the International Monetary Fund. The IMF disclosed this in its 2026 Article IV Consultation report on Nigeria released on Tuesday, projecting that public external debt would increase from $51.9bn in 2025 to $72.6bn by 2027. The projected increase represents a 39.9 per cent rise within two years and underscores growing concerns over the country’s debt burden despite recent improvements in macroeconomic stability...........................READ MORE