- President Tinubu ends a two-year Eurobond hiatus with a $2.2 billion issuance
- Rising debt sparks concerns as external liabilities triple since 2015
Abuja, Nigeria – Nigeria’s Eurobond debt surged to $17.45 billion in 2024, as President Bola Tinubu’s government ended a two-year borrowing pause by issuing $2.2 billion in new debt, according to figures from the Debt Management Office (DMO). This marked a return to the international debt market for Africa’s largest economy, underscoring its ongoing reliance on external financing amid mounting fiscal pressures.
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