Nigeria don officially comot from di International Monetary Fund (IMF) debtor list after dem clear all di money wey dem dey owe di organization.
Experts say dis big move, wey IMF confirm for dia latest report, na one major achievement for di country’s financial matter, and e show say di debt reduction plan under President Bola Tinubu don begin yield results.
As of May 2025, Nigeria no dey among di 91 developing countries wey still dey owe IMF, after dem finish a two-year repayment plan.
IMF’s “Total IMF Credit Outstanding” report show say Nigeria don clear all di $1.61 billion wey dem dey owe since 2023. Di debt reduce small-small until e reach $472 million by January 2025, and now e don clear finish by May 2025.
Dis final payment no just remove old debt burden, e still boost Nigeria position for di global economy.
Di Senior Special Assistant to di President on Digital Engagement and Strategy, O’tega Ogra, talk say dis move na “strategic reset” for di country financial policy. E praise di government for di fiscal discipline and focus on long-term stability.
Ogra talk say, “This milestone show say Nigeria don enter new level – we no dey depend on aid again, but we sabi manage our financial future by ourselves.”
Even though Nigeria don clear IMF debt, Ogra say di country go still dey relate with IMF and other international partners, but now na from position of strength.
Dis achievement happen after Nigeria do some serious economic reforms, like remove fuel subsidy and merge di foreign exchange market. Dem say na these policies help bring stability and open way for steady economic growth.
Experts believe say dis debt repayment go make Nigeria credit rating better, reduce borrowing wahala, and increase investor trust for di country.
