Nigeria has maintained its fourth position on the World Bank’s top 10 International Development Association (IDA) borrowers’ list, after moving up from fifth position in the 2022 fiscal year.
Even though Nigeria maintains the fourth position, it has accumulated about $1.3bn debt within a one-year period.
This was disclosed in the World Bank Fiscal Year 2022 audited financial statement, which showed that Nigeria moved to the fourth position on the list with $13bn IDA debt stock as of June 30, 2022.
