Africa’s top 10 most indebted countries according to World Bank revealed – The amount Nigeria owes will shock you

8.Tanzania – 11,180,000,000

In Tanzania, the External Debt increased to 17440.90 USD Million in January from 16986.20 USD Million in December 2016. The External Debt in Tanzania maintained an average of 12805.61 USD Million from 2011 until 2017, recording an all-time high of 17440.90 USD Million in January of 2017.  In December of 2011, it recorded a low of 2469.70 USD Million.

9.Nigeria – 10,100,000,000

Nigeria’s Internal Debt rose to 11406.28 USD Million in the fourth quarter of 2016. In the third quarter of 2016, it was  1,1261.89 USD Million. It averaged 6920.43 USD Million between 2008 and 2016,  in the fourth quarter of the same year it was the highest at 11406.28 USD Million and a recorded a decrease to 3627.50 USD Million in the first months of 2009.