Nigeria remained the third largest borrower from the World Bank’s International Development Association (IDA) in the first quarter of 2026, even though its debt reduced slightly.
According to IDA financial data for March 2026, Nigeria’s debt exposure dropped from $18.7 billion in December 2025 to $18.5 billion in March 2026. This represents a decrease of $200 million, or 1.1 percent, over three months.
However, compared to the same period last year, Nigeria’s debt increased. In March 2025, the country’s exposure stood at $17.3 billion, meaning it rose by $1.2 billion or 6.9 percent within one year.
Among countries borrowing from IDA, Bangladesh ranked first with $22.7 billion, followed by Pakistan with $19.2 billion, while Nigeria remained third at $18.5 billion. Other major borrowers included Ethiopia ($14.4 billion), Tanzania ($14.3 billion), and Kenya ($13.2 billion).
The World Bank’s total outstanding IDA loan portfolio stood at $230.8 billion as of March 2026,
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