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Nigeria has retained its position as the third-largest borrower from the International Development Association (IDA), the concessional lending arm of the World Bank, despite a slight decline in its debt exposure in the first quarter of 2026.
According to the IDA’s March 2026 financial statements, Nigeria’s exposure stood at $18.5 billion as of March 31, 2026, down marginally from $18.7 billion recorded at the end of December 2025.
The $200 million decline represents a 1.1 per cent reduction over the three-month period. However, on a year-on-year basis, Nigeria’s debt exposure increased significantly by $1.2 billion, or 6.9 per cent, from $17.3 billion recorded in March 2025.
