Nigeria, Africa’s largest financial system and most populous nation, is wrestling with a rising debt disaster that threatens its fiscal stability. Whereas the nation’s complete public debt stays inside manageable limits relative to GDP, the construction—break up between home and exterior obligations—reveals deep regional disparities and financial vulnerabilities.

“Nigeria’s exterior debt is concentrated in its most economically energetic zones, with the South-West accounting for 34 % (1.7 billion) of the full.”