Nigeria has cleared its $1.61 billion debt to the IMF, exiting from the fund’s
Total IMF outstanding refers to the cumulative amount of unpaid principal that member countries owe to the fund, encompassing both current loans and those from expired agreements.
In a recent conversation on Wednesday, a senior IMF oficial in Washington DC, who requested anonymity, shared with THISDAY, “We are working to verify this reports. Nigeria took a rapid finance loan during the pandemic, and we are assessing whether it has beeen fully repaid.”
Additionally, Statisense, a data analytics company, confirmed via its X handle on Wednesday that Nigeria is no longer listed among the countries indebted to the IMF. However, as of July 28, 2023, Nigeria’s debt to the fund was noted to be $1.61 billion
