₦airaland Forum

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.

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

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?

Obiedun:
Two clowns

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.

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

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

Ready2speak:
Do you want to waste my time engaging your ignorance?
It doesn't worth it.

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

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

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.

Ready2speak:
Do you want to waste my time engaging your ignorance?
It doesn't worth it.

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

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.

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.

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.