Nigeria's external debt increased by $800m in 2023, the lowest increase in the past seven years

At the end of every year from 2017 to 2023, Nigeria added between $800m and $7.5b to its external debt. After repaying $3.5 billion of its external debt in 2023, the country's external debt only increased by $800m as of December, marking the lowest increase in the past 7 years.

Source:
National Bureau of Statistics
Period:
2023
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