₦airaland Forum

helinues:
Good

Anyone still claiming Nigeria is owning IMF should pay the amount on Nigeria's behalf

make dey sell Thier papa house take pay 😂

zero8zero:
It wasn't increased, what you only did was to convert it from dollars to naira. Due to naira devaluation, it would increase in naira terms but the loans were obtained in dollars and will be repaid in dollars not naira. This naira conversation is the propaganda wailers are pushing but unfortunately, it only makes them slow upstairs.

Is that because ebilokan has failed to crash the dollar rate to N300/$1 promised for the short term, two years after hitting the ground running aimlessly?

This is in addition to the increase in foreign loans since ebilokan got his turn to continue APC shege.

treesun:
Nigeria’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97% (N8.02 trillion) compared to N134.3 trillion in June 2024.

This is according to the latest data released by the Debt Management Office (DMO) on Tuesday.

Nairametrics observed that this increase reflects the combined effects of rising domestic borrowing and the impact of exchange rate depreciation on external debt when converted to naira terms.

External debt surge driven by currency depreciation
Data from the DMO showed that Nigeria’s external debt in dollar terms grew marginally by 0.29%, from $42.90 billion in June to $43.03 billion in September.

https://nairametrics.com/2025/01/22/nigerias-public-debt-rises-by-n8-02-trillion-to-n142-3-trillion-in-q3-2024/

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

helinues:
Good

Anyone still claiming Nigeria is owning IMF should pay the amount on Nigeria's behalf

I like this comment.

It's normal to hate your leaders but it's kolomental to hate your country to the extent of wishing it evils, evils and evils all the time.

To the extent that you don't like to hear any good news about it haba!

To the extent of wishing it collapse all bcoz your party or preferred candidate is not in power.

I won't even stop my enemy from becoming Nigerian president. I will wholeheartedly support his government as long as he's doing well.

How much is cleared vs how much is being borrowed? Can we make a comparison? The ones being cleared are obligatory. FG doesn't have a choice. Nigeria doesn't default. Tinubu borrowed money to clear debt and also borrowed more to embezzle

zero8zero:
✓ $3.4 IMF loan cleared

✓ N100billion Sukuk loan cleared

✓ $7billion FX backlog cleared

✓ N30 trillion Ways and Means out of 87trillion - cleared.

✓ States reducing their debts by 70% - confirmed.

✓ External reserves increases to $40billion - confirmed

✓ States allocations increased by more than double - confirmed.

All these under two years!

God bless President Tinubu, God bless Nigeria.

In fact the man is trying.

Let’s just give him time. 😊

zero8zero:
https://www.channelstv.com/2025/05/12/just-in-fg-confirms-full-repayment-of-3-4bn-covid-19-imf-loan/

this is a wonderful step!

we need more good news like this

ehikwe22:
How much is cleared vs how much is being borrowed? Can we make a comparison? The ones being cleared are obligatory. FG doesn't have a choice. Nigeria doesn't default. Tinubu borrowed money to clear debt and also borrowed more to embezzle

interesting take. we need to know if the government borrowed or took more loans

it will be utterly ridiculous if they took another loan to pay off this loan because we will only be digging ourselves deeper into the economic pit of despair

EDGEof2MORO:
interesting take. we need to know if the government borrowed or took more loans

it will be utterly ridiculous if they took another loan to pay off this loan because we will only be digging ourselves deeper into the economic pit of despair

Okay, you don't know because you've not been following the loans Nigeria has been taking for the past two years

Putindbutt:
If OBJ had $12billion, why was he begging for debt forgiveness?. Why couldn't he pay it and then pay the rest later without begging?. And the $40 billion reserves he left, how much did GEJ left behind?, they stole it and shared it before they left power.

Exactly.

What is the point in mentioning Obasanjo’s achievements when Jonathan and Diezani entered and scattered everything with their looting?

Educationalserv:
poverty and starvation increase by 500 percent ! Nepotism 600 percent , insecurity 700 percent

i don't understand

what was the money used for ? no impart whatsoever

Agbegbaorogboye:
The zombie is even confused by his thread. Which factory are they manufacturing these things from? Even chinco products can't be this bad.
Read below from your Op:

As at last year, $1.6billion was paid:
Open the link and read.
https://www.reuters.com/world/africa/imf-says-nigeria-repays-34-billion-covid-19-funding-2025-05-08/

Go school you say no, Lol.

malali:
Current SDR Obligations by Nigeria to IMF.

Despite settling the principal, Nigeria continues to have financial obligations to the IMF:
• Outstanding Purchases and Loans: Approximately SDR 1.53 billion, representing 62.5% of Nigeria’s IMF quota. 
• Projected Payments:
• 2024: Principal of SDR 613.63 million and charges/interest ranging from SDR 32.34 million to SDR 78.69 million.
• 2025: Principal of SDR 613.63 million and interest charges of SDR 36.95 million.  
• Annual SDR Charges: Approximately $30 million, continuing post-repayment.

Say the whole truth, dont minimize it.

If I ask you to explain what SDR means you will bite your tongue. Rest and stop misleading yourself. The misguided report you are desperately clutching onto rightly points out that there are interest payments aside from the principal. These payments were scheduled to be paid until 2029. Nigeria has simply paid earlier. The writer of that report is looking at a loan schedule and assuming that since the interest is scheduled to be paid until 2029, then it cannot have been paid in 2025.

That shows you the level of thinking intelligent people have to contend with in this Nigeria. Such a burden!

anonimi:
Is that because ebilokan has failed to crash the dollar rate to N300/$1 promised for the short term, two years after hitting the ground running aimlessly?

This is in addition to the increase in foreign loans since ebilokan got his turn to continue APC shege.

This one is always talking off point, abeg shift make I see front.

Nijaforward:
Tinubu government should stop this nonsense propaganda using the social media ,they should give us the details of the payment so we can expose their yansh,how much was the loan initially and how much did they paid back,this is why World bank always counter their propanganda always…we need facts and figures not propaganda that their followers take as achievement because of them been myopic

Go to IMF website and read the details, maybe IMF is also giving you propaganda, Lol. Bitter people dem.

zero8zero:
✓ $3.4 IMF loan cleared

✓ N100billion Sukuk loan cleared

✓ $7billion FX backlog cleared

✓ N30 trillion Ways and Means out of 87trillion - cleared.

✓ States reducing their debts by 70% - confirmed.

✓ External reserves increases to $40billion - confirmed

✓ States allocations increased by more than double - confirmed.

All these under two years!

God bless President Tinubu, God bless Nigeria.

Of this is true, then it's commendable. This govt should work on insecurity and agriculture

EasternActivist:
Dey play,

After repaying 100 billion of sukuk they went and borrowed 300 billion....

Make sure you put that in your mind

So, if they repaid and borrowed another one , knowing that Sukuk loan is interest free. Then what's wrong in that?, especially when we are paying back?. You ipob should rest with this una bitterness abeg. It won't win you election.

Nigeria will be great again. God bless the people and Federal Republic Of Nigeria.

Educationalserv:
poverty and starvation increase by 500 percent ! Nepotism 600 percent , insecurity 700 percent

Before tinubu was Nigeria like America??

And are people not yhelling then about bad governance too??

Tayorshd87:
Before tinubu was Nigeria like America??

And are people not yhelling then about bad governance too??

Rice was cheap people can eat Healthy Food like Eggs ,bean chicken ,beef ,Milk before TInibu destroy the currency with his Fake wizard of nonsenses .
Even Egg is 200 .
Chicken Luxury food
Beans Elite food

Educationalserv:
Rice was cheap people can eat Healthy Food like Eggs ,bean chicken ,beef ,Milk before TInibu destroy the currency with his Fake wizard of nonsenses .
Even Egg is 200 .
Chicken Luxury food
Beans Elite food

Before Buhari shut borders or after Buhari shut borders?. Before una unleash bandits on farmers or after una unleash bandits on farmers?. Explain yourself.

Putindbutt:
Before Buhari shut borders or after Buhari shut borders?. Before una unleash bandits on farmers or after una unleash bandits on farmers?. Explain yourself.

who be Una ! As in

PressMyButton:
Wailers tears always give me joy.



After God, na Tinubu 💪 God bless Nigeria

After God , Tinubu in your life?

You no even ray8 your papa and mama at all


Use...... Less....Pi ....Kin

Educationalserv:
who be Una ! As in

You no fit answer simple question again abi?. Who closed borders before prices went up and who dey unleash bandits on farmers?. Una go dey pour una failures on others.

nedu666:
Kai u are truly dumb. Securitized at 7%. Which investor will buy the debt at 7% per annum when tb, fgn savings bond, govt bond are above 17%. Oga abeg return the phone to its original owner. Wetin big pass you, big pass you

Chai, see ignorance at its peak!. This one doesn't know what bonds means . "Who will buy debts at 7%".. see as person dey embarrasse em family in public.. God I beg o.

Any type of bond that Govt issues, is it not a liability in the first place?. My God... ignorance combined with bitterness is a great disease.

zero8zero:
As at last year, $1.6billion was paid:
Open the link and read.
https://www.reuters.com/world/africa/imf-says-nigeria-repays-34-billion-covid-19-funding-2025-05-08/

Go school you say no, Lol.

Oga zombie
Did you read this part of your op or not

The journey towards clearing this debt began in earnest in 2023, when the nation’s IMF debt stood at $1.61 billion. Through disciplined fiscal reforms, the debt steadily declined, reaching $472 million by January 2025, before being fully repaid by May of the same year.

zero8zero:
✓ $3.4billion IMF loan cleared

✓ N100billion Sukuk loan cleared

✓ $7billion FX backlog cleared

✓ N30 trillion Ways and Means out of 87trillion - cleared.

✓ States reducing their debts by 70% - confirmed.

✓ External reserves increases to $40billion - confirmed

✓ States allocations increased by more than double - confirmed.

All these under two years!

God bless President Tinubu, God bless Nigeria.

By borrowing loans to pay debts, APC supporters and common sense are two parallel lines that will never meet!

TimeManager:
First of all, the Senate had approved the securitization of the loans, while the FG implemented it subsequently. When a loan is securitized, it is converted into securities that investors can buy into, like a securitized bonds FG issued. Like in a typical investment environment where companies and Governments all over the world usually do..
Even when you do not have an understanding of a subject and you're being enlightened. I expect any sensible individual make a simple research, at least, put your phone to good use. Your phone is not only meant to browse porn sites, try upgrading your knowledge too.


-Kiss the truth!

It is the confidence to spill trash that usually amazes me
So the govt will not pay those who bought the security with interest abi?
Which school did you attend

Welcome development.. good piece of news