commit d8032c63ddf5d8643fccd12535534c2855589e15 Author: leemedlin92166 Date: Sat Jun 28 16:50:09 2025 +0000 Add 'Nigeria Exits IMF Debtor List Amid Tinubu’s Fiscal Reform Push' diff --git a/Nigeria-Exits-IMF-Debtor-List-Amid-Tinubu%E2%80%99s-Fiscal-Reform-Push.md b/Nigeria-Exits-IMF-Debtor-List-Amid-Tinubu%E2%80%99s-Fiscal-Reform-Push.md new file mode 100644 index 0000000..8ce2713 --- /dev/null +++ b/Nigeria-Exits-IMF-Debtor-List-Amid-Tinubu%E2%80%99s-Fiscal-Reform-Push.md @@ -0,0 +1,10 @@ +
The International Monetary Fund (IMF) has removed Nigeria from its list of debtor countries, following the full settlement of outstanding credit obligations to the Fund.
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This was disclosed in the latest IMF report titled "Total IMF Credit Outstanding - Movement from May 01, 2025 to May 06, 2025", published on the multilateral lender’s website on Wednesday.
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According to the document, Nigeria is no longer listed among the 91 developing and least developed countries with outstanding credit obligations to the IMF, which collectively owed $117.8 billion as of May 6, 2025.
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The total IMF Credit Outstanding across all countries stood at $117,793,823,224 as of May 7, 2025. This figure includes unpaid and outstanding principal from both current and expired arrangements with the IMF.
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Nigeria’s debt repayment trajectory over the last two years indicates a consistent reduction in obligations to the IMF.
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Data from StatiSense, a data intelligence firm, showed that Nigeria’s debt to the IMF stood at $1.61 billion as of July 28, 2023.
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This figure dropped to $1.37 billion by January 5, 2024 \ No newline at end of file