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.”
Tinubu Rejects Blame Game, Vows to Revive Refineries with Profitability Focus President Bola Ahmed Tinubu…
Scores of Terrorists Killed, 60 Arrested in Nationwide Military Operations In a major coordinated offensive…
Navy Rescues 22 Sea Robbery Victims, Recovers Hijacked Boat in Akwa Ibom The Nigerian Navy…
Keyamo Issues One-Week Ultimatum to Airlines Over Debt Repayment Plans The Minister of Aviation and…
[ICYMI] How Nigerian Medical Doctor Was Promoted to Captain in US Army Every year, Nigerians…
JAMB Aggregate Score 2026/2027: How Nigerian Universities Calculate Your Admission Chances Every year, millions of…