StatiSense confirmed Nigeria’s debt had reduced steadily from $1.61 billion in 2023 to zero by May 2025.
Nigeria is no longer listed among countries indebted to the International Monetary Fund (IMF), following full repayment of its pandemic-era loan, according to a May 6 report from the Fund.
The report, Total IMF Credit Outstanding – Movement from May 01 to May 06, 2025, excluded Nigeria from the 91 countries with outstanding debts totaling $117.8 billion.
An IMF official told THISDAY, “We are trying to confirm the reports. Nigeria borrowed during the pandemic… and we are trying to confirm whether it has now been fully repaid.”
StatiSense confirmed Nigeria’s debt had reduced steadily from $1.61 billion in 2023 to zero by May 2025.
Presidential aide O’tega Ogra posted, “This is a sign of discipline, reform, and strategic reset… Nigeria is serious about managing our economy with responsibility and vision.”
The IMF, in its April Article IV review, commended Nigeria’s reforms including subsidy removal, FX unification, and cessation of CBN deficit financing as “bold steps” that stabilised the economy.