IMF Projects Nigeria’s Foreign Debt to Reach $72.6bn After 2027 Elections
The International Monetary Fund (IMF) has projected that Nigeria’s external debt could rise to $72.6 billion in the period following the 2027 general elections, raising concerns about the country’s long-term fiscal outlook.
According to the IMF’s assessment, the projected increase reflects continued reliance on external borrowing to fund budget deficits, infrastructure development, and economic reforms. The institution noted that while borrowing can support growth, it also heightens risks related to debt sustainability and repayment capacity.
Economic experts warn that a rising foreign debt profile may place additional pressure on Nigeria’s foreign exchange reserves and increase the burden of debt servicing, especially in the face of fluctuating global interest rates and currency volatility.
