May 7 (Lagos) - Nigeria is no longer listed on the list of Countries indebted to the International Monetary Fund (IMF). This is a big win for President BAT who has been coming under constant criticism for various issues like corruption, insecurity and foreign travels. This a good news for the economy of Nigeria.
Credit outstanding:
18 July 2023 - $ 1.6 billion
5 Jan 2024 - $ 1.37 billion
10 July 2024 - $ 933 million
8 Jan 2025 - $ 472 million
6 May 2025 - NIL
This could mean that Nigeria has paid its IMF loans.
Other loans that still remain outstanding are the ones owed to World Bank, China and African development bank.
Above data is from Statisense.