₦airaland Forum

ogaemma:
The same way they told us Warri refinery is now working.
Not until I see an official statement from IMF, believe these propaganda Government at your own peril.
They can tell any lie to score cheap marks and cool down tension.

The LINK is provided there, bodly written in the article, click on it and enter the website. But if you do, I'm scare for your heart rate.

LegendHero:
—Let’s use your AI. It agreed that as at Q4 2024, our outstanding loan is $800million.

—When President Tinubu assumed office at Q2 2023, Nigeria owed the IMF over $3 billion.

—Meaning $2.2 billion was repaid over 6 quarters (Q2 2023 to Q4 2024). This equals an average quarterly repayment of $366 million.

—As of Q2 2025, two more quarters have passed:
If we maintained the same repayment pace, an additional $732 million would have been paid.

—Therefore: The remaining $800 million from Q4 2024 would now be fully repaid, or at most, less than $70 million remains outstanding.

Lastly: When you have the direct IMF link, why do you need an AI to reconfirm? Don’t you know AI source for data just like you and you are even faster if you have the actual live source.

Atleast you are one of the few apc supporters with some functioning brain cells to have admitted that there is still an outstanding payment!
What you just said is no different from what AI presented!
Bottom-line is that Nigeria still OWES IMF which is contrary to what your paymaster WhatsApp group is graciously churning out!

bentenny:
Atleast you are one of the few apc supporters with some functioning brain cells to have admitted that there is still an outstanding payment!
What you just said is no different from what AI presented!
Bottom-line is that Nigeria still OWES IMF which is contrary to what your paymaster WhatsApp group is graciously churning out!

Nope, I never admitted there is an outstanding payment. Stop putting words in my mouth. I just try to paint a scenario with your AI since the cutoff point was Q4 2024.

I am just giving an instance of them making constant payment all through each quarter to puncture your argument of $800m outstanding.

When the loan remain $70million, FG might choose to pay the remaining off because it not much left again.

On IMF authentic website, the outstanding balance is $0 as at today. That is the self evident truth.

Until IMF come out to claim that there is a glitch on their reporting on their own website, then the objective truth is that as of May 2025, Nigeria owe $0 to IMF.

malali:
• World Bank: $17.81 billion USD 

Nigeria has made significant strides in reducing its IMF debt.

While its obligations to the World Bank have increased due to new loan approvals aimed at supporting various sectors.

We have paid 306 million dollars owed IMF.

But we owe World Bank close to $18 Billion dollars and we are still borrowing more....We still owe over 60 x 306 million.

We owe $5 billion dollars to China.

Stop spreading news to deceive the citizens. When you make announcements like this. Paint the whole picture.

Thats what accountability and transparency means.

You aren't serious why can't you add local debts,bonds and Treasury bills give flowers when the situation arise, every nations has one or two debit.Even your Almighty us

Propagamda no dey run govt. These controllers of Lagos Ibadan media are working round the clock to ensure that nigerians who are not smart keep being deceived. What is "legacy" debt? Nde Ara!

Richtaiwo:
First thing those people will say is, it is a lie from the pit of hell, and will start searching everywhere to confirm the report. While searching, they will be praying and fasting that let it not be true.

When they finally discover it is true, then come the next step: they will now say, is it his money he used in clearing the debt? I sabi those people even beyond themselves.

Obasanjo cleared the debts, other presidents especially of Northern / South south extraction sunk Nigeria back into debt. Tinubu has now cleared the IMF debts again. Tinubu should also negotiate and pay off world bank loans so Naija is totally free of debt... Andwe must not allow the North who never seem to have any vision for economic progress to steal whatever painful gains and economic progress we will make at the end of the day.

femisplash:
Anyone not enthused by this good news, is under a weight heavier than human comprehension. It is advisable for us as citizens to be responsible, accountable and objective as much as possibly as the spirit of patriotism demands of us. We ought to follow the data, statistics, processes as much as possible with an open mind. Neutralizing negative perceptions and a sharp resistance to anything that come off as positive about the country. This is a very great feat and deserves a tea party. The very first time in history we are off IMF red books. As the media aide rightly put it, we will still do business with IMF but in a proactive manner going forward. Let's follow the processes and statistics meticulously and disengage from media propaganda aimed at disparaging the country. Hopefully, we are into the era of reimagining while we focus on reducing other financial obligations and boosting the country's industrial capacities. God bless Nigeria.

Please can you explain what legacy debt is?

LegendHero:
Nope, I never admitted there is an outstanding payment. Stop putting words in my mouth. I just try to paint a scenario with your AI since the cutoff point was Q4 2024.

I am just giving an instance of them making constant payment all through each quarter to puncture your argument of $800m outstanding.

When the loan remain $70million, FG might choose to pay the remaining off because it not much left again.

On IMF authentic website, the outstanding balance is $0 as at today. That is the self evident truth.

Until IMF come out to claim that there is a glitch on their reporting on their own website, then the objective truth is that as of May 2025, Nigeria owe $0 to IMF.

There is afuxking outstanding payment. Legacy debt meams old debts, according to their books and dictionary, they can define it as debt that other adminostration took but not theirs. This is legacy.

Putindbutt:
This one cannot even hide his bitterness, smh. You clearly see and can read the news that we're talking about IMF but you're beating around the bush talking about World bank, China, bla bla bullshit. Maybe I am mistaking that you can see, maybe you can't, or I am mistaking that you can read maybe you lack comprehension capacity.

Bro IMF and world Bank are the same .

If you have contrary opinion please let me know

But took much more from the world bank?
These guys think all Nigerians are fools sha

To pay back debt is now an achievement abi

Nigeria external debt

Nigeria Government borrowing money internally or externally to funds some infrastructural facilities is not bad but corrupting and syphoning the money is the main issue affecting our economy

[quote author=ajailer post=135267304]This is good news. [/quote

Lol good news? When the country still owes world bank almost 18bn dollars and china 5b dollars

Fake news

zero8zero:
Let me use your logic, so we borrowed $2million from IMF and we paid $5000. And then, our IMF debts was wiped off?. From your logic, we were supposed to still be owing $1,995,000 but we have no debts left. How come?. Na you help us pay am?. Guy, I don't even want to talk about how ridiculous you sound right now. Abeg commot for road make I see better people.

Is it that these gen z people cannot read or what. There is a link from the link provided for IMF financial data query that will show all countries debt profile as at 5/5/2025. Please read, eh get why.

Another lies and propaganda from Tinubu's Government

redcliff:
Propagamda no dey run govt. These controllers of Lagos Ibadan media are working round the clock to ensure that nigerians who are not smart keep being deceived. What is "legacy" debt? Nde Ara!

It's not complex. Legacy debt means debt inherited from a past administration. In Nigeria's case, all IMF debt is legacy debt because Tinubu has not borrowed from the IMF.

malali:
• World Bank: $17.81 billion USD 

Nigeria has made significant strides in reducing its IMF debt.

While its obligations to the World Bank have increased due to new loan approvals aimed at supporting various sectors.

We have paid 306 million dollars owed IMF.

But we owe World Bank close to $18 Billion dollars and we are still borrowing more....We still owe over 60 x 306 million.

We owe $5 billion dollars to China.

Stop spreading news to deceive the citizens. When you make announcements like this. Paint the whole picture.

Thats what accountability and transparency means.

First thing,you agreed Nigeria has paid off all Nigeria's debt to it.
Clap for Tinubu.First time in history.
When he said Nigeria cleared its debt,he gave IMF website as evidence.
Where is your own evidence?
Or are you just sad to hear good news about Nigeria?

I don't think this is worth celebrating. Nigeria's debt burden is increasing, not reducing. It is a case of robbing Peter to pay Paul, what knowledgeable people refer to as voodoo economics.

This administration met IMF debt at about $2bn. The same administration has grown the World Bank debt by about $4bn in only two years! That's already a negative debt burden, without factoring in other creditors which are also growing!

Nah! Voodoo economics at its best. If our total debt burden is still increasing since they took power, this is basically useless.

SmartyPants:
It's not complex. Legacy debt means debt inherited from a past administration. In Nigeria's case, all IMF debt is legacy debt because Tinubu has not borrowed from the IMF.

Oh really? When IMF debt climbed in 2024, was that also past administration or just interest on previous debt?

Abbeytoy:
Good news. Gradually we’ll get better.

But no country in the world can do without debt.

It shouldn't be taking almost all our revenue to service and that is what Tinubu has done from more than 100 percent servicing to 68 percent.
Now it will come down further.
That is prudence.

DimIsaac10:
To pay back debt is now an achievement abi

It's a very big achievement

Sharpsharp00123:
Sad news for agbotikuyo people, they will come n rubbish this news now

I guess I am one of the agbotikuyo you refer to but i really want nigeria to work and that alone is my desire but does it make sense that I borrowed mr Abiola 5000naira to offset the 500naira I am owing Mr Kola?

In as much I will give kudos for the president if the news is true, but what would happen wen the throne back to almajiri? Won't it be effort in futility?

Thank God we all witnessed how lifeless run Nigeria aground during his disaster reign.

Nigerians are not interested in cosmetics.

Borrowing from Peter to pay Paul means nothing.

What Nigerians need is fixing terrible insecurity, terrible economy and monumental corruption. Anything other than these is majoring in the minor[quote author=LegendHero post=135266722]SSA to President Tinubu Otega Ogra Writes:




Source: https://x.com/otegaogra/status/1919843190364111129?s=46[/quote]

Richtaiwo:
First thing those people will say is, it is a lie from the pit of hell, and will start searching everywhere to confirm the report. While searching, they will be praying and fasting that let it not be true.

When they finally discover it is true, then come the next step: they will now say, is it his money he used in clearing the debt? I sabi those people even beyond themselves.

Ok tinubu paid the IMF off the money which was accured by his APC predecessor Mr Buhari but he went ahead to owe other lenders more than what he paid off. Please make it make sense for people like me whom you say doesn't love nigeria the way you do?

Tinubu is looting and still able ro pay off debt while Obasanjo Yardua n Ebele Buhari did not loot but are not able ro pay off debts.

malali:
• World Bank: $17.81 billion USD 

Nigeria has made significant strides in reducing its IMF debt.

While its obligations to the World Bank have increased due to new loan approvals aimed at supporting various sectors.

We have paid 306 million dollars owed IMF.

But we owe World Bank close to $18 Billion dollars and we are still borrowing more....We still owe over 60 x 306 million.

We owe $5 billion dollars to China.

Stop spreading news to deceive the citizens. When you make announcements like this. Paint the whole picture.

Thats what accountability and transparency means.

DMerciful:
Nigerians are not interested in cosmetics.

Borrowing from Peter to pay Paul means nothing.

What Nigerians need is fixing terrible insecurity, terrible economy and monumental corruption. Anything other than these is majoring in the minor

Next thing is security unrest so they can put us back in debt.