Primary net lending (+) / net borrowing (-), General government in Nigeria
Nigeria: Primary net lending (+) / net borrowing (-), General government was 177.02 billion in 2031. ◆ Volatile
Primary net lending (+) / net borrowing (-), General government in Nigeria, 1990–2031
Source: International Monetary Fund.
Analysis
Nigeria recorded 177.02 billion for primary net lending (+) / net borrowing (-), general government in 2031.
That represents a change of up 125.4% on the previous year and up 103.4% over ten years.
Over the whole period, primary net lending (+) / net borrowing (-), general government in Nigeria peaked at 4.47 trillion in 2024 and was at its lowest, -8.72 trillion, in 2026.
Nigeria ranks 3rd of 24 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Primary net lending (+) / net borrowing (-), General government in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 26.79 billion | — |
| 1991 | 24.15 billion | -9.9% |
| 1992 | 73.74 billion | +205.3% |
| 1993 | -28.29 billion | -138.4% |
| 1994 | -3.87 billion | -86.3% |
| 1995 | 175.36 billion | -4630.7% |
| 1996 | 244.51 billion | +39.4% |
| 1997 | 137.41 billion | -43.8% |
| 1998 | -136.06 billion | -199.0% |
| 1999 | 169.31 billion | -224.4% |
| 2000 | 560.30 billion | +230.9% |
| 2001 | 64.56 billion | -88.5% |
| 2002 | 365.19 billion | +465.7% |
| 2003 | 253.69 billion | -30.5% |
| 2004 | 1.19 trillion | +368.9% |
| 2005 | 1.51 trillion | +26.8% |
| 2006 | 2.70 trillion | +79.2% |
| 2007 | -161.16 billion | -106.0% |
| 2008 | 2.48 trillion | -1638.1% |
| 2009 | -2.07 trillion | -183.5% |
| 2010 | -1.97 trillion | -5.1% |
| 2011 | 811.70 billion | -141.3% |
| 2012 | 613.30 billion | -24.4% |
| 2013 | -1.36 trillion | -321.2% |
| 2014 | -1.31 trillion | -3.1% |
| 2015 | -2.54 trillion | +93.3% |
| 2016 | -3.45 trillion | +35.7% |
| 2017 | -4.66 trillion | +35.2% |
| 2018 | -2.92 trillion | -37.4% |
| 2019 | -4.03 trillion | +38.1% |
| 2020 | -4.94 trillion | +22.5% |
| 2021 | -5.26 trillion | +6.5% |
| 2022 | -6.45 trillion | +22.6% |
| 2023 | -893.28 billion | -86.1% |
| 2024 | 4.47 trillion | -599.9% |
| 2025 | 3.87 trillion | -13.3% |
| 2026 | -8.72 trillion | -325.2% |
| 2027 | -3.70 trillion | -57.6% |
| 2028 | -946.64 billion | -74.4% |
| 2029 | -662.82 billion | -30.0% |
| 2030 | -695.95 billion | +5.0% |
| 2031 | 177.02 billion | -125.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 68.30 billion | -136.06 billion | 244.51 billion | 10 |
| 2000s | 689.39 billion | -2.07 trillion | 2.70 trillion | 10 |
| 2010s | -2.08 trillion | -4.66 trillion | 811.70 billion | 10 |
| 2020s | -2.32 trillion | -8.72 trillion | 4.47 trillion | 10 |
| 2030s | -259.46 billion | -695.95 billion | 177.02 billion | 2 |
Countries ranked near Nigeria
- 1 Egypt 1.34 trillion compare
- 2 Dominican Republic 194.46 billion compare
- 4 United Arab Emirates 151.53 billion compare
- 5 Ghana 29.78 billion compare
- 6 Spain 8.18 billion compare
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 primary net lending (+) / net borrowing (-), general government in Nigeria?
- Primary net lending (+) / net borrowing (-), general government in Nigeria was 177.02 billion in 2031, according to International Monetary Fund.
- What is the highest primary net lending (+) / net borrowing (-), general government recorded in Nigeria?
- The highest recorded value was 4.47 trillion in 2024.
- What is the lowest primary net lending (+) / net borrowing (-), general government recorded in Nigeria?
- The lowest recorded value was -8.72 trillion in 2026.
- How does Nigeria rank for primary net lending (+) / net borrowing (-), general government?
- Nigeria ranks 3rd out of 24 countries with data for 2031.
- Is primary net lending (+) / net borrowing (-), general government rising or falling in Nigeria?
- Over the last ten years it is up 103.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Primary net lending (+) / net borrowing (-), General government, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.