Multilateral debt service (% of public and publicly guaranteed debt) in Nigeria
Nigeria: Multilateral debt service (% of public and publicly guaranteed debt) was 32.5% in 2024. ◆ Volatile
Multilateral debt service in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of public and publicly guaranteed debt service.
Analysis
The most recent figure for multilateral debt service in Nigeria is 32.5%, measured in 2024.
That represents a change of up 35.6% on the previous year and down 41.9% over ten years.
Over the whole period, multilateral debt service in Nigeria peaked at 83.5% in 2008 and was at its lowest, 3.4%, in 1985.
Nigeria ranks 71st of 123 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Multilateral debt service (% of public and publicly guaranteed debt) in Nigeria, year by year
| Year | % of public and publicly guaranteed debt service | Change |
|---|---|---|
| 1970 | 23.7% | — |
| 1971 | 26.8% | +13.2% |
| 1972 | 33.2% | +24.0% |
| 1973 | 13.1% | -60.4% |
| 1974 | 19.5% | +48.4% |
| 1975 | 15.2% | -21.8% |
| 1976 | 11.0% | -28.0% |
| 1977 | 48.1% | +338.3% |
| 1978 | 54.7% | +13.7% |
| 1979 | 25.8% | -52.8% |
| 1980 | 14.1% | -45.3% |
| 1981 | 8.2% | -42.0% |
| 1982 | 6.3% | -23.8% |
| 1983 | 5.4% | -14.3% |
| 1984 | 3.8% | -29.9% |
| 1985 | 3.4% | -9.4% |
| 1986 | 13.9% | +307.1% |
| 1987 | 38.1% | +174.7% |
| 1988 | 21.8% | -42.8% |
| 1989 | 20.9% | -3.9% |
| 1990 | 15.5% | -26.0% |
| 1991 | 22.6% | +45.9% |
| 1992 | 27.1% | +19.7% |
| 1993 | 45.1% | +66.6% |
| 1994 | 42.4% | -5.9% |
| 1995 | 45.4% | +7.1% |
| 1996 | 35.7% | -21.2% |
| 1997 | 54.9% | +53.5% |
| 1998 | 51.9% | -5.4% |
| 1999 | 71.1% | +37.1% |
| 2000 | 34.4% | -51.6% |
| 2001 | 18.8% | -45.4% |
| 2002 | 31.3% | +66.9% |
| 2003 | 30.0% | -4.4% |
| 2004 | 28.1% | -6.2% |
| 2005 | 5.3% | -81.2% |
| 2006 | 6.4% | +20.4% |
| 2007 | 38.1% | +498.2% |
| 2008 | 83.5% | +119.5% |
| 2009 | 61.2% | -26.7% |
| 2010 | 67.4% | +10.0% |
| 2011 | 60.9% | -9.7% |
| 2012 | 50.6% | -16.8% |
| 2013 | 48.8% | -3.6% |
| 2014 | 56.0% | +14.9% |
| 2015 | 38.6% | -31.2% |
| 2016 | 64.4% | +66.9% |
| 2017 | 60.7% | -5.7% |
| 2018 | 19.1% | -68.5% |
| 2019 | 25.5% | +33.4% |
| 2020 | 29.2% | +14.5% |
| 2021 | 19.4% | -33.7% |
| 2022 | 21.9% | +13.1% |
| 2023 | 24.0% | +9.6% |
| 2024 | 32.5% | +35.6% |
Nigeria compared with similar countries
- Nigeria's 32.5% is below the median for lower middle income countries, which is 34.3%, 95% of the median. (43 countries reporting)
- Nigeria's 32.5% is below the median for Sub-Saharan Africa, which is 39.0%, 83% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Multilateral debt service (% of public and publicly guaranteed debt) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +498.2% | 6.4% | 38.1% |
| 1977 | +338.3% | 11.0% | 48.1% |
| 1986 | +307.1% | 3.4% | 13.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.1% | 11.0% | 54.7% | 10 |
| 1980s | 13.6% | 3.4% | 38.1% | 10 |
| 1990s | 41.2% | 15.5% | 71.1% | 10 |
| 2000s | 33.7% | 5.3% | 83.5% | 10 |
| 2010s | 49.2% | 19.1% | 67.4% | 10 |
| 2020s | 25.4% | 19.4% | 32.5% | 5 |
Countries ranked near Nigeria
More external debt data for Nigeria
- Net financial flows, IBRD 141.84 million NFL, current US$ (2025)
- 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)
- 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, IDA (NFL, current US$), per square kilometre 1,640 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 5.52 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 56.88 billion DOD, current US$ (2025)
- External debt stocks, long-term 111.36 billion DOD, current US$ (2025)
Frequently asked questions
- What is multilateral debt service in Nigeria?
- Multilateral debt service in Nigeria was 32.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest multilateral debt service recorded in Nigeria?
- The highest recorded value was 83.5% in 2008.
- What is the lowest multilateral debt service recorded in Nigeria?
- The lowest recorded value was 3.4% in 1985.
- How does Nigeria rank for multilateral debt service?
- Nigeria ranks 71st out of 123 countries with data for 2024.
- Is multilateral debt service rising or falling in Nigeria?
- Over the last ten years it is down 41.9%. 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 Multilateral debt service (% of public and publicly guaranteed debt service). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity.