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Nigeria's Indebtedness To IMF In 2023 And 2024 - Politics - Nairaland 151p6z

Nigeria's Indebtedness To IMF In 2023 And 2024 (9481 Views)

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yashau(m): 11:18am On Apr 18
Q2 2023 — $3.26 billion
Q4 2024 — $800.23 million

#Statisense
(DMO)

https://x.com/StatiSense/status/1913154508554715543?t=EbgLsJ5J-H7xYOXkcmd0cg&s=19

17 Likes 1 Share

joyd200: 12:50pm On Apr 18
H
HRHQueenPhil(f): 12:50pm On Apr 18

9 Likes

triple996(m): 12:50pm On Apr 18
cool nigeria shall be great


Just watch how rodents with a tradition of cannibalism will come here and start wailing.
The wise ones among them will disappear and avoid these thread like plague.

35 Likes 6 Shares

Kaplan01: 12:50pm On Apr 18
Great

5 Likes

HRHQueenPhil(f): 12:50pm On Apr 18
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1 Like 1 Share

ogascomax: 12:50pm On Apr 18
What about world Bank and 2025 first quarter

3 Likes

educatedfool: 12:51pm On Apr 18
Thank God say no be me indebt dem

1 Like 1 Share

Mumusaphire: 12:51pm On Apr 18
Hmmmm
lordm(m): 12:51pm On Apr 18
Some good news perhaps

1 Like

johnog4sure: 12:53pm On Apr 18

10 Likes 2 Shares

Sheuns(m): 12:53pm On Apr 18
grin
Risingblue008(m): 12:54pm On Apr 18
Who will pay those debt
It's me and u indirectly
While I no enjoy any dime,
Thanks to Tinibu

13 Likes 1 Share

NothingDoMe: 12:54pm On Apr 18
In 2024, Nigeria's debt to the World Bank reached $17.81 billion, a significant increase from $15.45 billion in 2023. This represents a 15.3% increase year-over-year,

One dey go up another one dey come down. Agbadonomics pyramid structure of repayment. 😅

12 Likes 3 Shares

Jorussia(m): 12:54pm On Apr 18
I don't think this should be a surprise to any body following our current economic Journey.The govt totally stopped paying subsidy on PMS about a year ago and as such there is more space to pay up outstanding loan interests and also avoid new foreign loans.To the best of my knowledge,this istration has not applied for any new foreign loan.I am aware world bank approved a loan package for Nigeria in the last weeks of PMB tenure,and that's what they have been disbursing to Nigeria since over a year now.

However,I am still not happy with this news,No economic indices can gladen my heart until I see fx rate at a minimum of #1000.There should be renewed vigour to push oil production to a minimum of 2mbpd minus condensate by year end.High volume of crude oil production is the easiest and most viable way to drive economic development in Nigeria.

15 Likes 4 Shares

Racoon(m): 12:54pm On Apr 18
Imagine! Under the waster catastrophe of a man hobnobbing the world while wasting the lean resources of this nation on his useless jamborees.

2 Likes

blacksam01: 12:54pm On Apr 18
triple996:
cool nigeria shall be great


Just watch how rodents with a tradition of cannibalism will come here and start wailing.
The wise ones among them will disappear and avoid these thread like plague.

Check world bank

2 Likes

PressMyButton: 12:55pm On Apr 18
See massive reduction within a year and opposition are exaggerating everything with their satanic propaganda. I swear, no member of the opposition will make heaven. Even when facts are being presented, they keep cooking falsehood in their camp to deceive their gullible ers.

42 Likes 5 Shares

Dennisochampa: 12:55pm On Apr 18
The enemies of Nigeria will not see anything good in this....
But if na to complain from 9ja to Congo... Them sabi...
Whether they like it or yes... Nigeria will be great again

7 Likes 1 Share

TooMuchStuff: 12:56pm On Apr 18
Excellent job

3 Likes

nairalanda1(m): 12:56pm On Apr 18
Nigeria is still oil dependent

And as such is vulnerable to more debt


Manufactured goods and services

37 Likes 1 Share

MrSundry: 12:57pm On Apr 18
Significant reduction including the clearing of fx backlogs

4 Likes

ThinkSmarter: 12:57pm On Apr 18
Jagaban is a political genius.
A true first class product of ing and Business management.

10 Likes 2 Shares

psalmsjob: 12:58pm On Apr 18
yashau:


https://x.com/StatiSense/status/1913154508554715543?t=EbgLsJ5J-H7xYOXkcmd0cg&s=19

Some mumudients will soon come here to say no be by that one grin they seriously think a mumudients filled Nigeria is possible.


It not by standing inside a flooded street for photo ops that you solve any problem. Showmanship with misfortune of others.

10 Likes 3 Shares

mfm04622: 12:59pm On Apr 18
Risingblue008:
Who will pay those debt
It's me and u indirectly
While I no enjoy any dime,
Thanks to Tinibu

Go and read the post first, then come and amend your response!

4 Likes

PressMyButton: 1:00pm On Apr 18
blacksam01:


Check world bank

NothingDoMe:
Hush.

World bank debt has gone up more than the IMF debt reduction. Your pyramid structure economics fools no one.

There's also increase in domestic debts in billions.


What about World bank?. Before now, una dey say check IMF, but today, IMF don hold una for throat. You cannot check IMF again. Same thing will soon happen with World bank.

13 Likes 1 Share

NothingDoMe: 1:00pm On Apr 18
PressMyButton:
See massive reduction within a year and opposition are exaggerating everything with their satanic propaganda. I swear, no member of the opposition will make heaven. Even when facts are being presented, they keep cooking falsehood on their camp to deceive their gullible ers.
Hush.

World bank debt has gone up more than the IMF debt reduction. Your pyramid structure economics fools no one.

There's also increase in domestic debts in billions.

2 Likes

LoveAnswered: 1:00pm On Apr 18
RandomFellow: 1:01pm On Apr 18
Keep it down! Tinubu might not be getting everything right, but he's definitely getting somethings right.

Fuel subsidy is gone, and Nigerians will suffer. I didn't vote Tinubu, I might not still vote him in 2027. But while he is our President, I'll wish him to succeed. We Abuja residents are proud of the work Wike is doing. We might not be in the same camp, but I'm happy for what he's doing.

My kids should get a better Nigeria than I got after my NYSC. They should not crave "japa" to get a better life.

Nigeria must be great

6 Likes 2 Shares

ScamDemicEra: 1:01pm On Apr 18
... borrow and loot !!
Emeka71(m): 1:03pm On Apr 18
joyd200:
H
Tinubu, keep on borrowing o!
championeh(m): 1:04pm On Apr 18
I actually just dug further and have the following revised update : Nigeria's IMF loan obligations have been significantly reduced, with outstanding amounts decreasing from $2.47 billion in 2023 to $800.23 million by the end of 2024. Nigeria's total debt stock, including external and domestic debt, also decreased from $108.2 billion to $94.2 billion during the same period. The IMF's Total Credit Outstanding movement shows Nigeria's total IMF credit outstanding as $306.812 million as of April 14, 2025.

Source 1 : https://www.imf.org/en/Countries/NGA

Source 2: https://www.imf.org/external/np/fin/tad/balmov2.aspx?type=TOTAL

This is really commendable...

12 Likes 2 Shares

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