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Nigeria’s Debt to China Edges Higher

Nigeria's bilateral debt obligations as of December 2023. Source: Debt Management Office.

Nigeria’s debt obligations to China increased by almost half a billion dollars in the second half of last year to $5.16 billion, according to new data released by the Nigerian Debt Management Office (DMO).

While China is by far Nigeria’s largest bilateral creditor, its share of the country’s $68 billion total public debt is still relatively small at just under 7%. 

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