Nigeria pays five times more for private external loans — W’Bank
Nigeria paid 9.6% interest on new private external loans in 2025, five times more than the 1.9% from official lenders, a new World Bank report reveals. Read More: https://punchng.com/nigeria-pays-five-times-more-for-private-external-loans-wbank/
Nigeria has been paying significantly higher interest rates on private external loans - five times more than official lenders - according to the World Bank. In 2025, private creditors charged an average interest rate of 9.6 per cent, compared to 1.9 per cent for official lenders. This disparity highlights the cost differences in Nigeria's access to international financing as its external debt stock grew to $145.02bn, a 6.6 per cent increase from the previous year.
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