World Bank · Debt

Nigeria: Average interest on new external debt commitments, private

9.57percent · 2025

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. Debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. All creditors combined (IDS counterpart area: World); figures by creditor are not carried. Annual figures for Nigeria from 1970 to 2025.