IMF Removes Nigeria From List Of Indebted Countries – Arise News
Image Credit: arise- The International Monetary Fund (IMF) has removed Nigeria from its list of debtor countries after the nation fully repaid its outstanding loans, amounting to about $1.61 billion during the pandemic period.
- Data from StatiSense confirmed a steady reduction in Nigeria’s debt to the IMF from July 2023 to early 2025 before full repayment in May 2025.
- Nigerian government officials hailed the development as a sign of fiscal discipline and strategic reforms under President Bola Tinubu’s administration.
- The IMF praised Nigeria’s economic reforms and stabilization efforts during its 2025 Article IV Consultation Mission, highlighting policy shifts such as ending deficit financing, fuel subsidy removal, and improved foreign exchange management.
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