₦airaland Forum

Lanretoye:
What if the government decide to pay them off,will they ask the government to wait till 2029?

Depends on the terms and conditions on the loans

Emmanuel900:
Some Nigerians have very low IQ and are delusional

The latest report on IMF website says Nigeria no longer owe them but stupid people in there multitude are still arguing with IMF that Nigeria still owe them.

The picture is from the IMF website...check for yourself

As at March 31st 2025 we owed $306million, now we've taken a new facility amounting to over $570 million to be paid by 2029

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

Racoon:
It is unthinkable that a bunch of dumbasses would feel comfortable to think they can be deceiving themselves in a 21st century world with lies and propaganda.

The fact that people fell for it, is why politicians will never fix the education system in the country

Critical thinking abilities is a threat to their lies and deceit

Richtaiwo:
Dey Don start

The picture is from the IMF website

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

This is to counter the propaganda piece in the frontpage

Nigeria is on track to fully repay its International Monetary Fund Rapid Financing Instrument loan by 2029, according to findings by The PUNCH.

The latest repayment schedule published by the Fund on its website showed that the country had secured approval for an emergency financial support of 2,454.50 million Special Drawing Rights, which translates to about $3.32bn at the prevailing exchange rate of SDR1 to $1.35404 as of May 1, 2025.

The RFI loan, disbursed in full on April 30, 2020, was granted to assist Nigeria in addressing urgent balance of payments needs following the devastating economic impacts of the COVID-19 pandemic, which had triggered a sharp fall in oil prices, a recession, and widespread fiscal pressures.

Under the terms of the facility, Nigeria’s remaining repayment obligations are staggered over a five-year period beginning in 2025 and concluding in 2029.


For 2025, Nigeria is scheduled to repay a final principal amount of SDR 306.81 million along with charges and interest of SDR 22.81 million, bringing the total repayment due this year to SDR 329.62 million, equivalent to approximately $446.21m.

From 2026 to 2029, the obligations primarily relate to charges and interest payments estimated at around SDR 26.7 million each year, translating to about $36.14m annually at the current exchange rate.

Cumulatively, Nigeria is expected to repay about SDR 436.42 million over the next five years, amounting to a total of $590.78m in U.S. dollar terms based on the latest valuation.

The PUNCH earlier reported that debt servicing to the IMF surged to $1.63bn in 2024, made up entirely of principal repayments, with no interest or other charges recorded.

The country’s total external debt servicing for 2024 amounted to $4.66bn, up from $3.5bn in 2023.

Of this, multilateral creditors accounted for the largest portion at $2.62bn or 56 per cent of the total.

The IMF’s share alone accounted for 35 per cent of Nigeria’s total external debt servicing in 2024 and about 62 per cent of the total paid to multilateral lenders.

Also, Nigeria’s debt to the IMF dropped significantly from $2.47bn in 2023 to $800.23m in 2024 — a reduction of 67.6 per cent, or $1.67bn, likely tied to repayments on the emergency and budget-support facility disbursed in 2020.

The disbursement Nigeria received under the RFI was notable for its rapid approval and minimal conditionalities, differing from traditional IMF arrangements that typically require extensive reform programs.

Nonetheless, repayment commitments remain binding, and Nigeria’s progress towards clearing the debt without needing refinancing or restructuring would be seen as a significant positive by global investors and development partners.

Nigeria’s economic landscape has undergone notable changes since the loan was first obtained. President Bola Tinubu’s administration has embarked on wide-ranging reforms, including the unification of exchange rates, the removal of petrol subsidies, and renewed efforts at revenue mobilisation through improved tax administration.

These measures have been aimed at strengthening fiscal buffers, enhancing macroeconomic stability, and restoring investor confidence.

Economic indicators suggest cautious optimism. The World Bank projects that Nigeria’s economy will grow by 3.6 per cent in 2025, which is marginally more optimistic than the IMF’s projection of 3.0 per cent.

Inflation, while still a major concern, has eased to 24.23 per cent in March 2025 from higher levels recorded earlier in the year.

External reserves have also shown resilience, buoyed by stronger oil exports and remittance inflows, with Nigeria’s current account balance expected to post a surplus by 2026, according to the World Bank.

At present, Nigeria has no overdue financial obligations with the IMF. The Fund recently commended the country’s efforts at maintaining macroeconomic stability, although it urged further reforms to consolidate the gains.

Successfully completing the scheduled repayments would bolster Nigeria’s external credit profile, enhance access to international capital markets, and improve sovereign risk perceptions.

Nonetheless, challenges persist. Risks such as fluctuations in global oil prices, domestic fiscal slippages, and security concerns could pose threats to repayment plans if not managed carefully.

However, with firm policy implementation and external support, Nigeria appears positioned to close out its IMF loan obligations by 2029, marking the end of a significant chapter in the country’s post-pandemic economic recovery.

https://punchng.com/nigeria-to-fully-repay-imf-loan-by-2029/

WritterNg:
🤜🏻🤛🏻

🙌🏾

Obedience40:
All I see is China, Brazil, and Egypt plus a couple of struggling African and Asian countries ..😂😂😂😂

I'm shocked!!! A pro-west shill disregarding nations outside of the West's definition of the 'global community'?

Thanks for making my point

23jerryking:
It only shows how bad you are at reading and comprehension. And obviously you only show up once in a while when you run into free WiFi 😂. Cause you wouldn't have written this nonsense if you've been a regular.

1. My history on this thread predates you

2. Between us, I'm the only one who's made real contributions here

3. I enlighten and bring new perspectives, you only cheer like a cheerleader

4. True to type, even the post of yours I quoted added nothing new to the conversation

5. Ask the people here you hype, we're worlds apart when it comes to engagement here...I'm a contributor (a main character), you're a cheerleader/praise singer (a supporting cast)

I'm simply advising you, post original comments, even if they're dumb, with time you'll brush up

WriteerNg:
⚡Attending Heads of State, Victory Day 2025, Moscow:

🇧🇾 President of Belarus, Alexander Lukashenko
🇨🇳 Chairman of the People's Republic of China, Xi Jinping
🇷🇸 President of Serbia, Aleksandar Vučić
🇦🇲 Prime Minister of Armenia, Nikol Pashinyan
🇰🇿 President of Kazakhstan, Kasym-Jomart Tokaev
🇦🇿 President of Azerbaijan, Ilham Aliyev
🇸🇰 Prime Minister of Slovakia, Robert Fico
🇵🇸 President of Palestine, Mahmoud Abbas
🇧🇷 President of Brazil, Luis Inacio Lula da Silva
🇰🇬 President of Kyrgyzstan, Sadyr Japarov
🇹🇯 President of Tajikistan, Emomali Rahman
🇻🇳 General Secretary of the Communist Party of Vietnam, That Lam
🇻🇪 President of Venezuela, Nicolas Maduro
🇲🇲 President of Myanmar, Min Aung Hlaing
🇲🇳 President of Mongolia, Ukhnaagiin Khürelsükh
🇨🇺 President of Cuba, Miguel Diaz-Canel
🇷🇸 Head of the Republika Srpska, Milorad Dodik
🇧🇫 President of Burkina Faso, Ibrahim Traore
🇺🇿 President of Uzbekistan, Shavkat Miromonovich Mirziyoyev
🇷🇺 President of Abkhazia, Badra Gunba
🇨🇩 President of the Republic of the Congo, Denis Sassou-Nguesso
🇹🇲 President of Turkmenistan, Serdar Berdimuhamedov
🇪🇹 President of Ethiopia, Taye Atske-Selassie
🇷🇺 President of South Ossetia, Alan Gagloev
🇱🇦 President of Laos, Thongloun Sisoulith
🇪🇬 President of Egypt, Abdul-Fattah Al-Sisi
🇿🇼 President of Zimbabwe, Emmerson Mnangagwa
🇬🇳 President of Guinea-Bissau, Umaru Sisoku Embalo
🇬🇶 President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo

Also Represented at High Level:

🇮🇳 India
🇳🇮 Nicaragua
🇿🇦 South Africa

I love how Russia and China are demonstrating to the world that the global community goes beyond America and the West

This should be a wake up call to those locked in a colonial mindset

23jerryking:
That's always the situation with him. We're the only ones kind enough to tolerate his excesses, it's no wonder why he sticks strictly only to his propaganda.

You always piggyback off others' opinions

Why can't you articulate yours?

Some people's takes here are straight out of their fantasies

That's the 'beauty' of democracy I guess, having the right to stupid speech

Originality007:
Show me one Hausa Governor

Kaduna Kano katsina kebbi sokoto jigawa etc

Like I said don't say that in the North

Originality007:
And still.not a single Hausa governor from North

Don't go to the North and say this nonsense

Samantha125:
You guys really need to stop comparing me with my fellow South Africans on this forum because we all get trolled the same way, but it's how we react to the trolls that is different ... To each his own... I just don't have the energy to be entertaining trolls because some of them are just determined to troll and derail every thread by a South African on this forum, one of them is already here on this thread... You'd spend hours bantering with them today, only for them to bring up the same issue on a different thread tomorrow with the intention of trolling you all over again and the more you give them attention, it's the more they'll keep coming... I'm sure most of them are fighting their own demons and looking for who to take out their frustrations on and we South Africans happen to be an easy target on this forum, because if you check their comment history, you'd find that they also go around the forum trolling even their fellow Nigerians... I don't have the time to be dancing to a broken record that keeps getting played on repeat...😃😃😃

Even if we get married and we're both initiated, it's still forbidden to discuss about it with your significant other... It's a cultural norm and we're used to it... Men know when not to ask questions and same goes for the ladies... It's a rite to passage practice even though it doesn't have an age limit.

Well, some of us don't mind with Zulu people getting international recognition because one thing that I've learnt about being the dominate tribe is that you'll always be catching stray bullets from all over the place...

A Pedi, Tsonga, or Swati person might do something and other people outside of SA with immediately target innocent Zulus without asking questions...

A gift and a curse

Thanks for your answers

Samantha125:
Well, the thing is that those names are also common within the Sotho and Tswana tribes while Mpho is also common within the Venda tribe... So you can't just assume to know the tribes we're from based on our names... Until they tell you their tribe, or you're good in deciphering our languages and surnames, you might never know which tribe the person is from... Even so, most of us can also speak more than two languages.

As for Igbos, I can't speak on behalf of all South Africans because I'm very sure that there are those South Africans who have no knowledge about Nigerian tribes... But in my opinion, I think the Igbo people are the ones putting Nigeria on the map in both the good and the bad, I believe they're the ones who introduced the whole of Africa to Nigeria's entertainment industry and they also have some of the most beautiful cultural attires... No one knows anything about the Hausa people despite them being the largest tribe in Nigeria and as for the Yorubas, well, I don't know what to say about them...😅😅😅

As for the most popular folklore, Pedis from Limpopo usually believe that you're not a bona fide Pedi if you've never attended their cultural initiation school before because there are certain attires that you'll be forbidden from wearing and certain cultural practices you cannot partake in... On the day of the graduation, we're made to swear an oath to never reveal the practices we partake in to any none attendee or anyone of the opposite sex, boys and girls attend separately... But it's not compulsory to attend, so if you don't want to go or don't want your children to go, no one is going to force you.

And the popular folk hero has to be King Sekhukhune, he was the king of the Bapedi nation around the 1800... He was one of those SA Kings who are remembered for their bravery and courage, for he fought for his people against the colonialists who wanted to take over his land and even defeated them in 1876, he refused to give up his land and cultural ways until the day of his death... And like king Shaka Zulu who was killed by his half brothers over the kingship, King Sekhukhune was also killed by his half brother Mapuru over the Bapedi kingship... I think his life story would make a great movie with him as the main figure... You'll find his statues across the Limpopo province and also in the Western Cape province alongside other statues of historical figures like King Shaka Zulu, Nelson Mandela, Oliver Tambo, and others.

As for us being superstitious, remember that a stereotype is a general belief about a certain group of people, someone, or something based on unverified claims... Maybe those who came up with the stereotype were unfortunate enough to come across superstitious or diabolical Pedis, because I'm not gonna lie and say there are no superstitious or diabolical Pedis out there just because I and the Pedi people I associate myself with don't fall under that category... I mean we're Africans, and where there are Africans, there'll always be those who are superstitious and diabolical... So whenever I'd hear that stereotype, I'd just laugh or even joke about it myself... No need to be offended over something I know I'm not.

Pedi people are known to be cultural, reserved, and humbled... Even if you offend us, chances are we'll eventually forgive you and move on, but if we don't, we'll deal with you silently without making it obvious...

My husband is Sotho and not Zulu, and yes, there weren't any complications with me getting married outside of my tribe.

The bolded describes your conduct on this forum and I can bet you're the only Pedi poster among the SAns that post...the others spit fire

Regarding the initiation schools, how do Pedi married couples conceal their cultural practices from one another...assuming the couple have both been initiated

How prevalent are intercultural marriages in SA?

Hopefully a movie will be made about King Sekhukhune telling his story. The diversity of SA needs to be showcased, it's mostly a Zulu fest in International media

Samantha125:
1,3,4,6,8,9 are from Limpopo.

Apart from Vendas and Tsongas who are predominantly dark and have a common phenotype amongst themselves, I can't really tell the difference between us and other tribes... Some people claim they can, but I'm completely in the dark.

The most common Pedi name has to be Mpho, which means gift, I remember I used to joke about how there's no place in Limpopo where you wouldn't find a person by that name...😅😅😅... Followed by Lerato (love) and Katlego(success).

I think the main reason why there's an overload of info on Zulus is because they take pride in their culture, which is one thing I'm envious of with Zulu people and they have a rich history... I think Shaka Zulu gave the Zulu nation a public platform within the international market, and Nelson Mandela who was Xhosa and also had a strong global influence... Whereas, Pedi people are more laid back.

Other than that, you guys just keep confusing us and can't tell us apart... You assume that every black South African is Zulu when some can't even speak Zulu... It's just like with you guys, the first thing that comes to mind when we hear about Nigeria is Igbo people.

The relationship between Pedis, Xhosas, and Zulus is so far so good, we might have our differences every now and then, but it's never anything serious, we'd just laugh it off afterwards... I've been living in KZN for the past three years now and I've felt nothing but love even though my Zulu clicks are still not perfect...😅😅😅

I don't think we're insular, we love exploring other cultures and languages... And most Pedi people from Gauteng usually mix their Pedi with Tswana due to cultural admixtures there, they call it Spitori... I remember I once argued with this one Pedi guy from Gauteng when he told me he was Pedi because I thought he was Tswana... Even though his surname was a giveaway, I still didn't believe him... Now when I think about it, I feel bad... He came to Limpopo to have fun with his people, but my ignorance made me look foolish...🤦🤦🤦

I think each person will have their own stereotypes about us based on the type of Pedi people they've had encounters with before... But one common stereotype that some people have about us is that we're superstitious...😅😅😅

Nope, there are no Pedi led agitations.

We're divided when it comes to Malema, others view him with pride while others view him with scorn... It's a 50:50 kind of a situation.

Well, I'm not sure with your last question and I can't speak on behalf of everyone... But when black South Africans speak, they mostly speak with one voice regardless of tribe.

Very informative...thanks for the response

I know Mpho Popps, Lerato from Big Brother, but I don't know any Katlegos... it's cool to know they're Pedis

You mentioned that you guys synonymize Nigerians with Igbos. Does it mean that SAns think most Nigerians are Igbos, or it became a stereotype because Igbo's are disproportionately represented among Nigerians in SA?

What is the most popular folklore and folkhero of your people? If a movie on Pedis was to be made, what story would best represent that and who would be the central figure/main character

Why do others believe you're superstitious? I'm guessing it may have to do with the existence, or perceived existence of cultural taboos

Is there a particular thing Pedis are popularly known for in SA? Sort of like a niche they're prevalent in and they've come to be identified with in the Country

You said Pedis like to explore other cultures, so I guess you marrying someone from a different culture came with no complications then...I believe your husband is Zulu right?

.

Antoeni:
Point of Correction,Fulanis Are Not From Nigeria, They Are Immigrants From Mali, Sudan, Chad, Niger, Tanzania,

You should go read your constitution on who is a Nigerian

Educate yourself

ruggedboych:
to those saying is their normal culture in the north , do those cows poo smelly stuffs too on their roads

The traditional occupations of the North are farming and animal rearing, so it's not a big deal

Many people rear animals in their homes today

guysbewise:
Do cows roam about in northern cities or it's only in the south?

It's a common sight in the North, it's part of the culture there

valentineuwakwe:
It surprises me that most northern elites and politicians are calling for justice over the edo state killing where as this people from the North parading as fulani herdsmen has destroy homes, farmlands, crops and even kill people in southern Nigeria, yet no one from the South called for reprisals.
If the North wants to see how this country will burn, let them try a reprisal and see what will happen next!

One Nigeria indeed!

Oga banditry in the South is not up to 5% of the one up North

OredoPikin2:
The aftermath of the recent killing that happened in Uromi although I totally condemn it, has shown that NIGERIA is designed to favour the North.
There has been reported killings by fulanis in Ondo, Ebonyi etc recently, no northern politician came out to condemn it, even the president Tinubu who is from the South never spoke about it.
Then one happened in Uromi and Tinubu suddenly find his voice.
Where was Tinubu When 2 kings were murdered by fulanis herdsmen in Ekiti?
Northerns are attacking Peter Obi because he said the root of the problem should be addressed.
I think it's time to divide this country
We can't continue pretending and worshiping the North because we want their votes.
If the entire South is United, the North won't be bullying us because of votes.

Bandits killings are a daily occurrence in different parts of the North, how many times do you see displayed outrage from politicians?

Bandits killings in the South are nowhere close to what obtains up North

Even though I didn't see much wrong with what Obi said, he nonetheless shouldn't have brought up killings of Edo people in the same statement, which only served to undermine the gravity of the incident. He should have made a separate statement for that and should have generalized it because it's a general problem across the country

Bandits are criminal gangs who criminally ransack communities...the Uromi killings were carried out by regular citizens against innocent citizens. Not addressing it could lead to social upheaval and upending of social peace and order. The potential implications could be dire

The main problem is the ghosting of authorities in dealing with crime in general in the country, including widespread attacks on communities

Double0h7:
Eid Mubarak

Eid Mubarak

Stay blessed

Tranquillity360:
where did he call for prosecution in Deborah case?


Point it out.

Refer to the sultan's appeal for peace that he mentioned

iLegendd:
The Hausas should try as much as possible to dissociate themselves from the Fulanis, but no, they're always claiming "We are one."

Almost everyone globally hates the Fulanis because of their evil and hunger to conquer and zero value for humans, but cows. Yet, zero invention to save life. You can never hear a Fulani invented this and that.

These people aren't as social as the Hausas. You hardly see them except in the bush, when they want to commit a crime and run back to the bush and during election. The ones you see easily are their wicked and power-hungry manipulative politicians.

So, the Hausas should start creating videos, teaching how to differentiate a Fulani from an Hausa man or woman. If you don't do these things, people will mistake you for Fulanis and you'll pay the price of a crime you didn't commit.

The Fulanis are owing every nation reprisal attack of atrocities they've been committing for decades without repercussion.

So, the Hausas, be wise and differentiate yourself.

Also, I pity the Igbos. Always claiming the South South to be yours, but the SS said no, we're different, yet Igbos refused to listen.

Now the SS is kpaing people, who do you think will pay the price? You, the Igbos since you keep claiming SS is yours. You've made Northerners to see you as one.

Now they've looked for trouble and you'll end up paying the price because you're the ones that travel the most to the North for business. It's too late to denounce what you've been claiming to own as yours.

Igbos and Hausas just have the same mindset. Always clingy and trying to be emotionally attached to their violent neighbours and these neighbours will always put them in trouble.

Don't worry, Hausa people will be moving about with ID cards detailing their ethnicity in Southern Nigeria from now on, so that you don't kill them

What a braindead take...you took your time to compose a whole bunch of nothing

Mariangeles:
Noted.

I want to use this opportunity to ask; is it compulsory for children to fast also?

It's compulsory only for those who have reached puberty

People with chronic illnesses that prevent them from fasting are exempted, regardless of age

Samantha125:
Do they spent the whole 30 days without eating any solid food, or they only fast from 6 in the morning to 6 in the evening for the whole 30 days?

And is everyone allowed to go and celebrate Eid Mubarak with them, or it's solely for Muslims only?

Eid is a day of celebration for Muslims. There are two Eids and this particular one comes at the end of the Islamic lunar month of Ramadan

Eid Mubarak means Blessed Eid. It's a way of wishing someone to have a good one...kind of like saying Merry Christmas

The entire month of Ramadan (29 or 30days) is to be fasted from before the break of dawn to sunset. I.e fasting starts before the dawn prayer and ends with the evening prayer at sunset...roughly 14hrs but the time varies from place to place depending on the sun's cycle (sunrise to sunset)

Fasting involves not eating, not drinking, no sexual intercourse, no lying, no cursing and devotion to worship

On the day of Eid, Muslims go to the prayer ground for the Eid prayer. As regards the prayer itself, only Muslims can pray, but non-Muslims can partake in all other celebrations if they choose to

There are two Eids and this one is the lesser one. In the major Eid, Muslims slaughter lambs

The major Eid is some months away

Kobojunkie:
How can I make up my mind when you have, from your responses, not made up yours on exactly what is deployed in the book?

See you around ma'am