NewStats: 3,259,553 , 8,170,482 topics. Date: Sunday, 25 May 2025 at 02:35 PM 2jl3p

https://www.youtube.com/watch?v=v7_zU0jz97Q

Nigeria has completed the repayment of the principal amount of its $3.4bn loan from the International Monetary Fund, with the final payment made on April 30, 2025.

The loan, disbursed in full on April 30, 2020, was part of the IMF’s emergency COVID-19 Rapid Financing Instrument, aimed at helping Nigeria cope with the economic disruptions caused by the pandemic, including falling oil prices, a recession, and fiscal pressures.

Although the principal repayment has been fully settled, it was found upon further checks of the IMF website that several charges associated with the loan remain due.

These charges, which consist mainly of interest, will continue to be repaid annually for the next few years.

Interesting

Giftimoni:

https://www.youtube.com/watch?v=v7_zU0jz97Q

Nigeria has completed the repayment of the principal amount of its $3.4bn loan from the International Monetary Fund, with the final payment made on April 30, 2025.

The loan, disbursed in full on April 30, 2020, was part of the IMF’s emergency COVID-19 Rapid Financing Instrument, aimed at helping Nigeria cope with the economic disruptions caused by the pandemic, including falling oil prices, a recession, and fiscal pressures.

Although the principal repayment has been fully settled, it was found upon further checks of the IMF website that several charges associated with the loan remain due.

These charges, which consist mainly of interest, will continue to be repaid annually for the next few years.

Rufai is right.
The sum of every loan is made up of the principal and interest.
Only illiterates will not know this

RUFAI oseni is not fit to be on any media platform. Very unprofessional and rude

Lol

yarimo:
RUFAI oseni is not fit to be on any media platform. Very unprofessional and rude

The bitterness in Rufai is ingrained

Let him borrow Nigeria money to pay the remaining of the IMF debt as he has been insisting

I feel that Arise TV could improve its reporting by including more positive or solution-oriented stories alongside the negative ones. They focus too much on constantly portraying Nigeria has a country with no progress. If they feel so bad about the country why are they still here?

Rufai Oseni is no different from other 0BIDIENTS who get upset at any good news in Nigeria

EchoEnigma:
I feel that Arise TV could improve its reporting by including more positive or solution-oriented stories alongside the negative ones. They focus too much on constantly portraying Nigeria has a country with no progress. If they feel so bad about the country why are they still here?

Arise TV and the presenters have positioned themselves to be the enemy of Nigeria by always portraying Nigeria in bad light and attacking any good news about Nigeria

Too many RONU rodents on this thread

Typical ers of APC. Lovers of the destruction of good life. They look for anything good and destroy

IS THE CURRENT STATE OF NIGERIA OKAY?

Two clowns

Easy o

Obiedun:
Two clowns

How does one claim he has paid a loan off when interests are outstanding?

Common folks, you guys should know better. The case of Innoson and GTB is a recent one we all should reference. Innoson paid the principal and over paid the accrued interests. Gtb was still claiming he was owing. When auditors came into the picture, it was then discovered the Bank has criminally collected much more they are supposed to be paid. That was when trouble started. Gtb wanted to return the overplus but Innoson insisted it must be with same interest rate they were paying the Bank.

Paying principal without paying interest does not mean one is not owing. Until both principal and interest is paid, then is the loan fully paid.

So whoever rushed to press to misinform the public is the enemy.

Ready2speak:
How does one claim he has paid a loan off when interests are outstanding?

Common folks, you guys should know better. The case of Innoson and GTB is a recent one we all should reference. Innoson paid the principal and over paid the accrued interests. Gtb was still claiming he was owing. When auditors came into the picture, it was then discovered the Bank has criminally collected much more they are supposed to be paid. That was when trouble started. Gtb wanted to return the overplus but Innoson insisted it must be with same interest rate they were paying the Bank.

Paying principal without paying interest does not mean one is not owing. Until both principal and interest is paid, then is the loan fully paid.

So whoever rushed to press to misinform the public is the enemy.

This outstanding are mere charges till 2029 when the loan term is subjected to be due ...

The question to ask is did Nigeria actually paid those monies to clear the initial debt..the answer is yes

REDshouse:


This outstanding are mere charges till 2029 when the loan term is subjected to be due ...

The question to ask is did Nigeria actually paid those monies to clear the initial debt..the answer is yes

Do you want to waste my time engaging your ignorance?
It doesn't worth it.

yarimo:
RUFAI oseni is not fit to be on any media platform. Very unprofessional and rude

He is fit to be on AriseTV, the owner who is also the publisher of Thisday newspapers is a known national thief. Birds of the same feather

Ready2speak:


Do you want to waste my time engaging your ignorance?
It doesn't worth it.

Cry well well. Una go cry tire. We no send you. As e dey pain you, e dey sweet us

I appreciate Tinubu for the loan repayment, however, this shouldn't have been the priority. We should have prioritise the payment of the 4trillion owed to the GENCOS first, before this loan repayment.
Our electricity is in a dire situation & it needs urgent intervention.

Rufai big disgrace to journalism

Lol

osuofia2:
Rufai big disgrace to journalism

shortgun:
Rufai is right.
The sum of every loan is made up of the principal and interest.
Only illiterates will not know this

Paying principal in full is highly commendable. The interest unpaid will be minor, might even be forgiven in some cases. Stop showing too much bitterness. Even if nothing was left, I know your likes will still have something negative to say.

REDshouse:


This outstanding are mere charges till 2029 when the loan term is subjected to be due ...

The question to ask is did Nigeria actually paid those monies to clear the initial debt..the answer is yes

How do you negotiate to continue paying charges TILL 2029, for the debts whose principal sum has been paid of IN 2025!?!?

dahmie2013:
I appreciate Tinubu for the loan repayment, however, this shouldn't have been the priority. We should have prioritise the payment of the 4trillion owed to the GENCOS first, before this loan repayment.
Our electricity is in a dire situation & it needs urgent intervention.

What and what services are the socalled GENCOs rendering? The epileptic power supply? How many power stations have been built by the GENCOS? Where are the new investments that they promised in the sector?

What kind of bizarre privatisation process hands over governments assets to so called "business developers", who will then depend almost totally on government monetary payments to stay active, while they struggle to make any reasonable new investments in the sector as the "sales agreements" demanded?

What happened in the power sector was not privatisation.., it was an elite hyjack of the most strategic sector of the nations economy for purely corrupt reasons..
And we are paying dearly for that..

Ready2speak:


Do you want to waste my time engaging your ignorance?
It doesn't worth it.

While it is not a total payment of the IMF loadn but we can all agree to the fact that the heavy burden is the outright payment of the principal which has been lifted.
Let's enjoy the relief while it last.
The repayment of the interest can be spread across in such a way that its payment won't suffocate our economy.
To some people, it is an achievement and to some, it's nothing.

MadPolitician:


How do you negotiate to continue paying charges TILL 2029, for the debts whose principal sum has been paid of IN 2025!?!?

.It's very possible. IMF is not Okash/opay or loan-shark organisation

yommen:


Paying principal in full is highly commendable. The interest unpaid will be minor, might even be forgiven in some cases. Stop showing too much bitterness. Even if nothing was left, I know your likes will still have something negative to say.

That's the point. Nigerians are mindfully bitter. They think IMF operate like Opay and Moniepoint loan

yommen:


Paying principal in full is highly commendable. The interest unpaid will be minor, might even be forgiven in some cases. Stop showing too much bitterness. Even if nothing was left, I know your likes will still have something negative to say.

The right thing to do is to come out plain saying principal of the loan has been paid, remaining interest, not receiving people as if the entire loan was paid.

Ready2speak:
How does one claim he has paid a loan off when interests are outstanding?

Common folks, you guys should know better. The case of Innoson and GTB is a recent one we all should reference. Innoson paid the principal and over paid the accrued interests. Gtb was still claiming he was owing. When auditors came into the picture, it was then discovered the Bank has criminally collected much more they are supposed to be paid. That was when trouble started. Gtb wanted to return the overplus but Innoson insisted it must be with same interest rate they were paying the Bank.

Paying principal without paying interest does not mean one is not owing. Until both principal and interest is paid, then is the loan fully paid.

So whoever rushed to press to misinform the public is the enemy.

We've paid of the main loan we borrowed. There are countries like Ghana who are struggling to pay their loans.

Much ado over a loan paid taken by Buhari
Buhari had already begun payment of the loan
Tinubu paid the rest as contained in the loan conditions
Nigeria was not owing IMF before the calamity called APC happened
The whole loan is $3.46bn
Buhari paid $770m
Tinubu paid $2.69bn
What's the noise about?
Nigeria is still gravely indebted to other nations and institutions