₦airaland Forum

theredaddy:
Good thing that nevers transit to reality or reflect any impact

Mention one good news that have reflected impact

Nigerians are not mad, you cant be urinating on us and expect us to dance it is raining .. well done for what exactly

You think you appreciate good news more than some of us, Lets see fuel price or dollar rate drop below #500 .. we go know whu sabi dance pass

Putindbutt:
What clear term is this illiterate talking about?. This is a report by IMF uploaded on its website, Statisense has even confirmed it. So, what are you wailing about?. Abeg go and sell your gala and leave a topic beyond your mental capacity.

And what is comprehension IC?

anonimi:
Highly indebted with new loans despite saying otherwise.
How do these crooks sleep at night

zero8zero:
https://www.thisdaylive.com/index.php/2025/05/08/nigeria-removed-from-list-of-countries-indebted-to-imf/?amp

SmartPolician:
Whenever I see a good thing, I must appreciate it. Well done, President Tinubu aka the Jagaban 💪💪💪

Putindbutt:
What clear term is this illiterate talking about?. This is a report by IMF uploaded on its website, Statisense has even confirmed it. So, what are you wailing about?. Abeg go and sell your gala and leave a topic beyond your mental capacity.

And what is comprehension IC?

SmartPolician:
I thought you wanted to learn its positive impact and not launch a needless attack. Lemme know when you are ready to learn.

SmartPolician:
Whenever I see a good thing, I must appreciate it. Well done, President Tinubu aka the Jagaban 💪💪💪

wasillni:
i tot many people said this is not true

theredaddy:
If IMF is saying Nigeria is no longer on the list of debtors, fine !! But on j term

is it that Tinubu repaid n clear the loan

is it base on " Debt relief" or "bad debt written off" which

saying we are not on the list is not tenable enough, what if tomorrow they put us back on the list then what do we use to hold IMF

Paris club expressively gave Nigeria debt relief to certain amount .. that is binding logically/legally

Agreement or promises must be clear, we are not toddlers

DeltaBachelor:
I thought they said everything would be cleared by 2027 or so. Was it debt payment brought forward ?

chris51:
That's what I read too. 2027. They should tell us how they suddenly cleared all our debts.

Kamalex2:
Send me your account let me do you 10



#

Urgent1Million:
$1.61 billion IMF debt cleared. OK.
It's good to rejoice when you hear "good news" about your country. I equally rejoice because I love Nigeria. I always look forward to more positive (really positive) developments about Nigeria.
However, for those who are jumping up and down on this thread, here is what they didn't tell you.

Data from the debt management office shows that by June 30, 2023, Total public debts stood at N87.379 trillion (N33.247 trillion external, N54.130 trillion domestic).
By December 31, 2024, Nigeria's total public debts stood at N144.665 trillion (N70.287 trillion external, N74.377 trillion domestic).

That is a whooping N57.286 trillion in more debts!

While data on the current figure for Nigeria's total public debts is not yet available on the DMO website, it is projected that the current figure stands at about N150 trillion.

What I am saying in summary?

Paying IMF while taking more loans from other institutions or/and countries doesn't seem like a bright spot yet.

Until the public debts figure decreases, I can't see anything remarkable that the government has done.

Don't just take my word for it. Verify here

https://www.dmo.gov.ng/debt-profile/total-public-debt

plantist:
This is the first time I have liked your comment. Provide commendations when the need arises. Otherwise, criticize constructively.

theredaddy:
Not being on the list of debtors, does it negate we are owing Debt relieve we know, bad debt written off we know .. which one is not on the list of IMF
what if its an " error of omission" ... most APC people are school dropout we know

Why cant IMF come out in clear terms like paris club did during OBj era.

nonsnse people

SmartPolician:
Do your likes increase my account balance?

I come on this forum to read news and react to them, and I don't give a damn whose ox is gored.

Faber:
Lies and propaganda want wound una

APC and lies ehn

Urgent1Million:
$1.61 billion IMF debt cleared. OK.
It's good to rejoice when you hear "good news" about your country. I equally rejoice because I love Nigeria. I always look forward to more positive (really positive) developments about Nigeria.
However, for those who are jumping up and down on this thread, here is what they didn't tell you.

Data from the debt management office shows that by June 30, 2023, Total public debts stood at N87.379 trillion (N33.247 trillion external, N54.130 trillion domestic).
By December 31, 2024, Nigeria's total public debts stood at N144.665 trillion (N70.287 trillion external, N74.377 trillion domestic).

That is a whooping N57.286 trillion in more debts!

While data on the current figure for Nigeria's total public debts is not yet available on the DMO website, it is projected that the current figure stands at about N150 trillion.

What I am saying in summary?

Paying IMF while taking more loans from other institutions or/and countries doesn't seem like a bright spot yet.

Until the public debts figure decreases, I can't see anything remarkable that the government has done.

Don't just take my word for it. Verify here

https://www.dmo.gov.ng/debt-profile/total-public-debt

zero8zero:
Bad news to the emergency lovers of Nigeria. They have been running helter skelter to discredit the news to console their bitter hearts but nothing for them. God bless Nigeria.

Image123:
It reduced in dollars, the more stable currency. Yes or yes? A whooping $20billion debts less. Now, minus IMF own join.

Whiteshield:
Just remain that way.
The home training you didn't get at home, you will get it here.

richmond500:
They didn't take more loans.
The exchange rate really affected us bad.
It was around 700 in 2023 but moved to 1500 in 2024.
This is massive and will affect expenditure.
I just hope we get things right in this country

Putindbutt:
Lol, see another twist from bitter people. So Nigeria just started borrowing from China?. Even loans from china is just about 11%. Una go wail tire.

richmond500:
debt was cleared two days ago, and IMF has removed Nigeria from their web of debtors, how can IMF come in clear terms ago
Abi u want them to come to Nigeria, carry mike, organize a conceirt and tell u that Nigeria's debt had been cleared?

Urgent1Million:
The crashing of the naira worsened the situation but yes, Tinubu-led federal government has taken a lot of loans.
In fact, Tinubu has borrowed more than N13 trillion in the last 20 month.

https://dailytrust.com/fg-borrows-n13-21trn-from-world-bank-in-20-months/

Urgent1Million:
Good observation that it reduced in dollars but the dollar is not our currency.
We need to give naira to get dollars and the value of the naira has reduced enormously.
That's the more reason I don't see this as an achievement in any way.
If someone lends you $1,000 worth N750,000 and when you pay back the N750,000, you still owe him $500. Would you call that an achievement?