The Nigeria current recorded Debt to GDP ratio stood at 11 percent of the country's Gross Domestic Product in 2013. “Government Debt To GDP in Nigeria averaged 35.96 Percent from 2000 until 2013, reaching an all time high of 88 Percent in 2001 and a record low of 11 Percent in 2013. Government Debt To GDP in Nigeria is reported by the Central Bank of Nigeria.” Nigeria enjoyed one of the lowest debt to gdp ratio in the world. The country’s exit from Paris and London Clubs of Creditors via the payment of foreign debts in 2006, played a vital role in the current status quo.
The examination of the below graphs of different nations compared to Nigeria attested to macro-prudency policy of President Jonathan’s economic team, led by Dr. Ngozi Okonjo-Iweala, Nigerian minister of Finance.