Nigeria's Debt Crisis: External Debt Hits $38.8 Billion as World Bank Loans Spark Debate

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Nigeria’s external debt has soared to $38.8 billion, with the World Bank being the major creditor. Despite concerns about rising debt and its long-term implications, the Federal Government has just secured an additional $1.95 billion in loans for key sectors such as education, power, and women's empowerment.
This development has triggered widespread debate on the sustainability of Nigeria’s borrowing strategy, especially in light of ongoing economic challenges.
To help us unpack the implications, Mazino is joined by:
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