Punch Newspapers Sections Everest Amaefule Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has said. The DMO on its portal on Sunday listed a number of foreign loans that were to be disbursed as of December 31, 2020. The disbursement of the loans will take the country’s total foreign debt commitment to more than $37.8bn. Our correspondent reports that the country’s external debt as of September 30, 2020 stood at $31.99bn. The outstanding loans from the group stands at about $3.27bn. Another $1.25bn is supposed to come from the Export-Import Bank of China. Apart from multilateral agencies, China has remained the nation’s largest creditor.