As of December 2020, the most recent official data available, Nigeria’s public debt was N32. 9 trillion, or $86.3 billion. This is according to the country’s debt management office.
What is Nigeria’s debt profile?
Nigeria’s Total Public Debt as at December 31, 2020 was N32. 915 Trillion. The figures include the Debt Stock of the Federal and State Governments, as well as, the Federal Capital Territory.
Did Nigeria borrow money from China?
In total, Nigeria has agreed $5.6 billion in loans with China. But as of March 2020, Beijing had disbursed $3.3 billion. With Nigeria already servicing the loans, $3.1 billion was outstanding as of then. The earliest of these funding agreements was signed in 2010, while the most recent dates back to May 2018.
How much is Nigeria debt 2020?
Nigeria’s total debt profile rose to N31. 009 trillion ($85.897 billion) as of June 30, 2020, says the Debt Management Office (DMO) on Wednesday. According to the statement, the figure comprises debt stock of the Federal government, 36 states of the federation and the Federal capital Territory.
How much is China’s debt?
According to a report by the Institute of International Finance in January 2021, China’s outstanding debt claims on the rest of the world increased from about US$1.6 trillion in 2006 to more than US$5.6 trillion as of mid-2020, making China one of the biggest creditors to low-income countries.
How much is Nigeria net worth?
The richest man in Nigeria is Aliko Dangote. As of 2021, he had a net worth of 11.5 billion U.S. dollars, ranking 182nd worldwide.
Nigeria’s billionaires as of 2021 (net worth in billion U.S. dollars)
|Characteristic||Net worth in billion U.S. dollars|
How much do Nigeria worth?
Economy of Nigeria
|GDP||$514.076 billion (nominal, 2021 est.) $1.116 trillion (PPP, 2021 est.)|
|GDP rank||26th (nominal, 2021) 24th (PPP, 2021)|
|GDP growth||2.2% (2019) -3.0% (2020 est.) 1.5% (2021 est.)|
|GDP per capita||$2,432(nominal, 2021 est.) $5,280 (PPP, 2021 est.)|
How much is Nigeria owing World Bank 2020?
Nigeria owes World Bank $9.81bn, says DMO.
Which country owes China the most money?
Djibouti owes over 80 percent of its GDP to China and in 2017, became host to China’s first overseas military base.
How much money does Africa owe China?
As Africa’s largest bilateral creditor, China holds at least 21 percent of African debt — and payments to China account for nearly 30 percent of 2021’s debt service, as shown in the figure below. Angola alone accounts for almost a third.