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Everest Amaefule
Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has said.
The DMO on its portal on Sunday listed a number of foreign loans that were to be disbursed as of December 31, 2020.
The disbursement of the loans will take the country’s total foreign debt commitment to more than $37.8bn.
Our correspondent reports that the country’s external debt as of September 30, 2020 stood at $31.99bn.
The outstanding loans from the group stands at about $3.27bn.
Another $1.25bn is supposed to come from the Export-Import Bank of China. Apart from multilateral agencies, China has remained the nation’s largest creditor. ....

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