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The Effect Of The Too Much Debts On Nigeria Economy So Far It is no longer a news that Nigeria has been borrowing money from top countries. Over the years 2019 to 2020, the rate at which Nigeria Borrowed money has been of increase. There has been a series of questions left unanswered. Such as, 1. What happens if Nigeria has too much debt as it is now? 2. Why is too much debt bad for Nigeria? 3. What will happen if Nigeria is unable to pay her debts?  4. How does Nigeria national debt affect me?  Let me critically answer these questions as an Economist. Question 1: What happens if Nigeria has too much debt as it is now? Currently Nigeria is owning China $3.1 billion  Click here to see Money borrowed from World bank N31 trillion  Click here to see  and other many more countries. So far so bad, world bank has default Nigeria government from borrowing. Before we can answer the question, let know when debt is too much for a country. When a country Debt is more than ...