Nigeria’s syndicated loans jump 21-fold to $2.86bn
Nigeria’s syndicated loans surged 21-fold to $2.86bn in one year, as the government increases commercial financing for infrastructure projects like the Lag Read More: https://punchng.com/nigerias-syndicated-loans-jump-21-fold-to-2-86bn/
Nigeria's syndicated loans have surged 21-fold in just one year, reaching $2.86 billion as of March 2026, according to a report by The PUNCH. This significant increase is largely attributed to the government's growing reliance on commercial financing for infrastructure projects. From just $133.66 million in March 2025, the loans jumped to $2.86 billion in March 2026, representing a staggering $2.73 billion or 2,041 percent increase within 12 months.
This surge has also transformed the composition of Nigeria's external debt, with syndicated loans climbing from a mere 0.29 percent of the total stock in March 2025 to 5.51 percent a year later.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
