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As Nigeria’s Debt Steadily Grows, China’s Share Shrinks — Yet Somehow Lots of People Still Worried About “Debt Traps”

Nigeria’s Debt Management Office (DMO) announced late last week that the country’s external debts will increase to $83 billion due to $2.5 billion of new loans provided by the World Bank and the Export-Import Bank of Brazil to help mitigate the effects of the ongoing COVID-19 pandemic.

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