IBRD loans and IDA credits in Nigeria
Nigeria: IBRD loans and IDA credits was 17.84 billion DOD, current US$ in 2024. ◆ Volatile
Latest (2024)
17.84 billion DOD, current US$
Change on year
up 14.3%
World rank
6th
of 123 countries
All-time high
17.84 billion DOD, current US$
in 2024
All-time low
182.43 million DOD, current US$
in 1970
Years of data
55
1970–2024
IBRD loans and IDA credits in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Nigeria recorded 17.84 billion DOD, current US$ for ibrd loans and ida credits in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 14.3% on the previous year and up 208.8% over ten years.
Over the whole period, ibrd loans and ida credits in Nigeria peaked at 17.84 billion DOD, current US$ in 2024 and was at its lowest, 182.43 million DOD, current US$, in 1970.
Nigeria ranks 6th of 123 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
IBRD loans and IDA credits in Nigeria, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 182.43 million DOD, current US$ | — |
| 1971 | 215.74 million DOD, current US$ | +18.3% |
| 1972 | 281.82 million DOD, current US$ | +30.6% |
| 1973 | 300.32 million DOD, current US$ | +6.6% |
| 1974 | 332.45 million DOD, current US$ | +10.7% |
| 1975 | 361.55 million DOD, current US$ | +8.8% |
| 1976 | 401.83 million DOD, current US$ | +11.1% |
| 1977 | 447.93 million DOD, current US$ | +11.5% |
| 1978 | 485.39 million DOD, current US$ | +8.4% |
| 1979 | 516.05 million DOD, current US$ | +6.3% |
| 1980 | 554.06 million DOD, current US$ | +7.4% |
| 1981 | 599.31 million DOD, current US$ | +8.2% |
| 1982 | 710.70 million DOD, current US$ | +18.6% |
| 1983 | 860.39 million DOD, current US$ | +21.1% |
| 1984 | 935.75 million DOD, current US$ | +8.8% |
| 1985 | 1.39 billion DOD, current US$ | +48.7% |
| 1986 | 2.17 billion DOD, current US$ | +56.0% |
| 1987 | 2.97 billion DOD, current US$ | +36.9% |
| 1988 | 2.76 billion DOD, current US$ | -7.2% |
| 1989 | 2.94 billion DOD, current US$ | +6.4% |
| 1990 | 3.32 billion DOD, current US$ | +13.1% |
| 1991 | 3.36 billion DOD, current US$ | +1.1% |
| 1992 | 3.25 billion DOD, current US$ | -3.0% |
| 1993 | 3.30 billion DOD, current US$ | +1.6% |
| 1994 | 3.47 billion DOD, current US$ | +4.9% |
| 1995 | 3.49 billion DOD, current US$ | +0.6% |
| 1996 | 3.11 billion DOD, current US$ | -10.9% |
| 1997 | 2.78 billion DOD, current US$ | -10.5% |
| 1998 | 2.84 billion DOD, current US$ | +2.1% |
| 1999 | 2.61 billion DOD, current US$ | -8.0% |
| 2000 | 2.27 billion DOD, current US$ | -13.2% |
| 2001 | 1.96 billion DOD, current US$ | -13.7% |
| 2002 | 1.95 billion DOD, current US$ | -0.4% |
| 2003 | 1.99 billion DOD, current US$ | +1.9% |
| 2004 | 1.99 billion DOD, current US$ | +0.3% |
| 2005 | 1.86 billion DOD, current US$ | -6.8% |
| 2006 | 2.07 billion DOD, current US$ | +11.6% |
| 2007 | 2.31 billion DOD, current US$ | +11.3% |
| 2008 | 2.45 billion DOD, current US$ | +6.3% |
| 2009 | 2.85 billion DOD, current US$ | +16.2% |
| 2010 | 3.70 billion DOD, current US$ | +29.9% |
| 2011 | 4.21 billion DOD, current US$ | +13.6% |
| 2012 | 4.69 billion DOD, current US$ | +11.4% |
| 2013 | 5.28 billion DOD, current US$ | +12.6% |
| 2014 | 5.78 billion DOD, current US$ | +9.5% |
| 2015 | 6.23 billion DOD, current US$ | +7.7% |
| 2016 | 6.64 billion DOD, current US$ | +6.7% |
| 2017 | 7.91 billion DOD, current US$ | +19.2% |
| 2018 | 8.56 billion DOD, current US$ | +8.1% |
| 2019 | 9.96 billion DOD, current US$ | +16.4% |
| 2020 | 11.42 billion DOD, current US$ | +14.6% |
| 2021 | 12.31 billion DOD, current US$ | +7.8% |
| 2022 | 14.00 billion DOD, current US$ | +13.7% |
| 2023 | 15.61 billion DOD, current US$ | +11.5% |
| 2024 | 17.84 billion DOD, current US$ | +14.3% |
Nigeria compared with similar countries
- Nigeria's 17.84 billion DOD, current US$ is above the median for lower middle income countries, which is 1.21 billion DOD, current US$, 14.8× the median. (43 countries reporting)
- Nigeria's 17.84 billion DOD, current US$ is above the median for Sub-Saharan Africa, which is 892.25 million DOD, current US$, 20.0× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 352.55 million DOD, current US$ | 182.43 million DOD, current US$ | 516.05 million DOD, current US$ | 10 |
| 1980s | 1.59 billion DOD, current US$ | 554.06 million DOD, current US$ | 2.97 billion DOD, current US$ | 10 |
| 1990s | 3.15 billion DOD, current US$ | 2.61 billion DOD, current US$ | 3.49 billion DOD, current US$ | 10 |
| 2000s | 2.17 billion DOD, current US$ | 1.86 billion DOD, current US$ | 2.85 billion DOD, current US$ | 10 |
| 2010s | 6.30 billion DOD, current US$ | 3.70 billion DOD, current US$ | 9.96 billion DOD, current US$ | 10 |
| 2020s | 14.24 billion DOD, current US$ | 11.42 billion DOD, current US$ | 17.84 billion DOD, current US$ | 5 |
Countries ranked near Nigeria
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4399 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 56.33 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.24 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
Frequently asked questions
- What is ibrd loans and ida credits in Nigeria?
- Ibrd loans and ida credits in Nigeria was 17.84 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest ibrd loans and ida credits recorded in Nigeria?
- The highest recorded value was 17.84 billion DOD, current US$ in 2024.
- What is the lowest ibrd loans and ida credits recorded in Nigeria?
- The lowest recorded value was 182.43 million DOD, current US$ in 1970.
- How does Nigeria rank for ibrd loans and ida credits?
- Nigeria ranks 6th out of 123 countries with data for 2024.
- Is ibrd loans and ida credits rising or falling in Nigeria?
- Over the last ten years it is up 208.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of IBRD loans and IDA credits (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
IBRD loans and IDA credits are public and publicly guaranteed debt extended by the World Bank Group. The International Bank for Reconstruction and Development (IBRD) lends at market rates. Credits from the International Development Association (IDA) are at concessional rates. Data are in current U.S. dollars.