International Monetary Fund (IMF)
Nigeria clears all N2.59tn IMF debt – Report
The International Monetary Fund (IMF) has confirmed that Nigeria has cleared all its legacy debt obligations.
An IMF official in a statement said the clearance marked the end of a decades-long financial burden that had weighed heavily on Africa’s most populous nation.
Legacy debts refer to obligations accumulated over past administrations, often including arrears owed to international creditors, bilateral partners, and domestic contractors.
READ ALSO:
IMF Managing Director Kristalina Georgieva praised the Nigerian government for its “decisive fiscal management and commitment to long-term economic reform.”
She noted that this achievement reflected “a critical turning point for Nigeria’s economic trajectory and global credit standing.”
Rivers Assembly Returns ₦100,000 Christmas Bonus, Accuses Fubara of Illegal Spending Members of the Rivers…
Borno: Troops Foil Suicide Attack, Arrest Bomber, Seize IED Materials Barely days after a deadly…
VIDEO: Oshodi Traders Count Losses as Fire Ravages Army Arena Market in Lagos Traders at…
Align With Wike or Lose Gokana, APC Chieftain Warns Gov Fubara The National Vice Chairman…
Two Catholic Priests Stabbed in Nasarawa Parish Attack Near Abuja ABUJA – Two Catholic priests…
ICPC Secures Court Order to Freeze N1.1bn Diverted from Kano Federation Account The Federal High…