Nigeria Holds Significant Portion of Africa’s Corporate Debt, According to OECD

According to a report by ThisDayLive, the Organisation for Economic Co-operation and Development (OECD) has revealed that Nigeria, along with five other countries, account for 80% of Africa’s outstanding corporate debt. The report, which was published on November 8, 2026, states that Nigeria accounted for 16% of this debt, placing it second behind South Africa. The other countries in the top six are Egypt, Morocco, Kenya, and Angola. This significant debt burden highlights the need for careful financial management in these countries to avoid potential economic crises.