World Bank warns economy in near fatal-collapse, unsustainable; emergency measures needed for salvage, as Nigerians gear to choose new president

Nigeria’s debt stock had risen to N41.6tln in the first quarter of 2022 with projections that it could peak at N45tln by the end of the year. Nigeria is rated the fifth on the list of the World Bank’s debtors, with $11.7bn debt stock as of June 30, 2021.
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World Bank warns economy in near fatal-collapse, unsustainable; emergency measures needed for salvage, as Nigerians gear to choose new president

Nigeria’s debt stock had risen to N41.6tln in the first quarter of 2022 with projections that it could peak at N45tln by the end of the year. Nigeria is rated the fifth on the list of the World Bank’s debtors, with $11.7bn debt stock as of June 30, 2021.

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