Nigeria: Maturity on new external debt: For that indicator, The World Bank provides data for Nigeria from 1970 to 2016. The average value for Nigeria during that period was 20.04 years with a minumum of 0 years in 1995 and a maximum of 40.89 years in 2009. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: Maturity is the number of years to original maturity date, which is the sum of grace and repayment periods. Grace period for principal is the period from the date of signature of the loan or the issue of the financial instrument to the first repayment of principal. The repayment period is the period from the first to last repayment of principal. To obtain the average, the maturity for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Public debt is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity.