Nigeria becomes 3rd largest debtor to World Bank Nigeria has emerged as the third-largest debtor to the World Bank's International Development Association (IDA), with an accumulated debt of $16.5 billion as of June 30, 2024. This increase elevates the country from its previous rank as the fourth-largest borrower in 2023. The World Bank's recent financial disclosures indicate that Nigeria's exposure to the IDA has risen significantly by 14.4%, escalating from $14.3 billion in fiscal year 2023 to the current $16.5 billion in fiscal year 2024. READ ALSO: Minister accuses Buhari govt of mishandling $100m...