₦airaland Forum

My greatest fear over this landmark achievement is that another clueless northern president will take over because it is their turn and run this country aground economically and security wise, the only thing they bring to the table is boasting of an unproductive population

Bro evrn foolish peoplw arr entitled to their opinion that is what your case is about.

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.

Obasanjo’s cleared out debt before now.
Those who are responsible for the debt burden beyond Obasanjo beheld accountable.
Government should hold pipo accountable

What should have made sense according to your ipob head is to borrow more n not pay off any of the debts right ?!

Clobisman:
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?

APC has outsmarted devil in lying.

Nigeria is like a man who cleared the debt he owed Kashamu but borrows more from Sule and Shetima. Debt na debt and the Holy book says "Whoever owes is a slave to the one he owes". All debts must be cleared before any celebration can begin and no more loan should be taken whether now or in future. Make apc no kill us with lies and propaganda abeg.

Even when it is there on the IMF website
Pls what Ipob state are you from ?

israelmao:
APC has outsmarted devil in lying.

bentenny:
🥱

Some Nigerians are not intelligent at all.

You can clearly see the AI said "as of my last data", please don't disgrace yourself again

This is a good one from this administration.

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

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

When did IMF debt climb in 2024?

Let's stay positive about this potential change, despite our past experiences. My dream for Nigeria is a future where everyone can afford basic necessities like food, education, and healthcare. We deserve reliable social amenities, especially energy, that benefit all Nigerians.

[quote author=UpaIweka post=135268665]What should have made sense according to your ipob head is to borrow more n not pay off any of the debts right ?!


What would have made sense in my ipob head is that tinubu should stop borrowing for frivolous consumptions. If he had cut down the size of his government and lived by example the country would have saved up some extra money.

Yoruba always paid Debt while other came to borrow. Odua nation better o

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.

But doubled total public debt from 87trillion to 144trillon naira.. almost 100 percent drom what he met it at..

Lie lie government

DimIsaac10:
To pay back debt is now an achievement abi

My thinking too.

I have been wondering how this is such a big deal.

The loan was taken in 2020, repayable over 5 years through programmed or structured payments to ensure there are no defaults.

So I don't get the hype especially as loans have doubled from other sources.

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!

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

According to the IMF site which shows all indebted nations,Nigeria has $0 obligation to it.
Which means that Tinubu has paid all IMF debt as at 6th of May,2025.
If you are sad,you can do the needful.
Enemy of Nigeria.

ivandragon:
My thinking too.

I have been wondering how this is such a big deal.

The loan was taken in 2020, repayable over 5 years through programmed or structured payments to ensure there are no defaults.

So I don't get the hype especially as loans have doubled from other sources.

General, it is sometimes very funny honestly . We now celebrate debt repayment

redcliff:
But doubled total public debt from 87trillion to 144trillon naira.. almost 100 percent drom what he met it at..

You may say so but this topic is about the IMF.

richmond500:
It's a very big achievement

The achievement should be celebrating the success of the purpose of the loan.

Are you not thinking toward that direction?.

nedu666:
Nigeria external debt

This is a good one the major debt Nigeria have now is the chinese the other loans have good repayment plans.
Imf loans are always a burden the interests rates are high and loan conditions are always too stringent to allow for development.

For those of you believing every lies and propaganda about Ibrahim Traore has cleared Burkina Faso debt, please check the IMF list.

DimIsaac10:
The achievement should be celebrating the success of the purpose of the loan.

Are you not thinking toward that direction?.

The achievement should be celebrating the success of clearing debt which takes 96% of our revenue, instead of more debt accumulation that hinders the micro economics and development of the country.

Are u not thinking towards that direction?

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!

d write up said legacy loans...

God bless President Bola Ahmed Tinubu

tete7000:
Nigeria is like a man who cleared the debt he owed Kashamu but borrows more from Sule and Shetima. Debt na debt and the Holy book says "Whoever owes is a slave to the one he owes". All debts must be cleared before any celebration can begin and no more loan should be taken whether now or in future. Make apc no kill us with lies and propaganda abeg.

Have you seen a real nation that doesn't borrow?
USA is the most indebted nation in the world.
The main thing is to be able to pay back when due.
There had never been any President of Nigeria that has cleared IMF debt.
Tinubu just did it.
That is prudence.
If you are sad,you know what to do.

@Richtaiwo, how pathetic can they be! It's sad and undoing when one loses one's rational mind because of some trivial ethinc sentiments. They never see any good in this government despite some of the positives coming its way. This stems from the bloody nose they collectively received from the 2023 general elections, which their professed god and messiah lost. They are still reeling from that defeat. As a result, it's very difficult, near impossible, for their rational mind, if it's still intact anyway, to rein in their utter bitterness.

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.

Rest...it's legacy debt

PBAT will be rolling-out his Mid term report in two weeks specifically May 29, 2025.

It's obvious that major achievements have been made especially on the significant improvement on our foriegn reserves and international economic & credit ratings in the last two (2) years.

However, there is an "unwritten" memo on the "overhyping" of milestones in this PBT Administration especially by the media handlers, to show that they should earn their pay.

Nigeria's total debt profile under PBAT has surged from approximately N 90 trillion to an all time record breaking of N141 trillion in two years.

The Poverty indexes for the rural poor is embarrassing and household grapple with the worst-cost- of- living crisis in a generation.

Based on the shortfall of the crude oil prices to $60 per barrel and the FG's projected benchmark of $75, there is every logical reasoning to believe except a miracle, the deficit on the 2025 Budget will be humongous.

PBATs media handlers overzealousness to throw numbers and overhype milestone shows the desperation to impress the public.

[quote author=UpaIweka post=135268677]Even when it is there on the IMF website
Pls what Ipob state are you from ?

This is not issue of tribaluzung every discourse or 'Ipoblizing' every dissenting opinion.Warri rRefinery which they said it was fully back on stream what is the latest story today?

malali:

Bitterness ?
If you pay $5000 and then borrow $2 million dollars.
Who are you fooling ?

Guy sharap.

does owing world bank and china make this a fake new?

The subject of discussion is clearing of IMF loan, wetin dey bring world bank and china if not bitterness.

Fiscus105:
In as much I will give kudos for the president if the new 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.

But you were one of his ardent supporters during his regime. Now you are saying his reign was a disaster.