Nigeria, May 23 -- Nigeria has maintained its position as the third largest borrower from the World Bank's International Development Association despite recording a slight reduction in its debt profile during the first quarter of 2026. Recent financial statistics revealed that the nation's exposure decreased from $18.7 billion in December 2025 to $18.5 billion by March 2026, indicating a small reduction over the three-month period.



The News Chronicle reports that even though the most recent numbers point to a temporary slowdown in Nigeria's borrowing levels, the nation's total debt exposure to the World Bank is still greater than it was a year ago. With a $1.2 billion increase over March 2025, Nigeria's obligations highlight the gove...