In 2021, general government net debt (% of GDP) for Nigeria was 36.2 %. Between 2012 and 2021, general government net debt (% of GDP) of Nigeria grew substantially from 10.7 to 36.2 % rising at an increasing annual rate that reached a maximum of 33.81% in 2020 and then decreased to 6.29% in 2021.
The description is composed by our digital data assistant.Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.
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