World Bank · Debt

Nigeria: Average interest on new external debt commitments

6.18percent · 2025+429.2% since 2015

Interest represents the average interest rate on all new public and publicly guaranteed loans contracted during the year. To obtain the average, the interest rates for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Public debt is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity. All creditors combined (IDS counterpart area: World); figures by creditor are not carried. Annual figures for Nigeria from 1970 to 2025.