₦airaland Forum

Vello:
Zikist ideology
Ojukwu propaganda
Nnamdi Kanu's brainwashing
Simon Ekpa's gaslighting
Bitter Peter Obi's bitterness

And you think they can ever recover and receive sense?

Let them continue in their bitterness. Na generational follow come

Nigeria will have an Igede or Edo President before an Igbo President. They are disgracing Nigeria across the world (No offense).

jude33084:


LOANNNNNNNNNNNNEEEEEEE

na for them to borrow o.

Chucks13:
Pls can I ask you all nay sayers a question: So far all the debts including IMF Tinubu has be paying pls show me any proof you personally contributed a dime to the repayments?

Pls do you even pay tax? Do you even have job or business which is contributing to the gov purse? Hell No, then pls why complaining about loan biko?

It is easy to understand the your emotions have subdued your reasoning.

Good luck.

Osariemen12:
It is easy to understand the your emotions have subdued your reasoning.

Good luck.

Good luck to you too.

The gbese wen we go owe here go mad....


First things first, Become a Member first and borrow as u like

Betanaija42moro:
Make we just be sure of what we are signing and joining in this country ooo

Nigeria slowly leaving IMF. Great.

another borrow borrow Chanel opened

Welcome development

aspabay:
You know nothing about Asian Development Bank. Instead of googling the benefits, na so so pessimistic comments. How do you people go through life with so much bitterness

Lol 😂 no mind them silly folks

muslim , muslim ticket working

Segzy19:
Whenever I read comments on this Nairaland, I often realise how ignorant, foolish (lacking in wisdom), lazy (in thinking) and hasty (in conclusion) many people are in this country, especially the young generation...

I'm not sure whether the situation is redeemable...

They lack basic and deep understanding of many things. They are too lazy to think deep, and they abuse and rush to discard whatever they do not understand....

What a shame!

Well said my brother… such a big shame! Many of them lack CRITICAL THINKING.. always typing without reasoning.. is it result of ignorance or being mischievous.. very unfortunate!

zero8zero:
Tinubu is a step ahead of Trump.

you are just programmed to defend Tinubu when you knew he is a complete failure.....

Febit23:
Nigeria will have an Igede or Edo President before an Igbo President. They are disgracing Nigeria across the world (No offense).

No offense as how? It's the truth so, any zoo Republican can take offense, we don't give a Bleep.
Sometimes I wish they're not part of Nigeria and had gone with Cameroon. By now, we won't be hearing Nigeria's name as drug barons globally, we won't be hearing Nigeria is a zoo, we won't be seeing these Things claim they won elections without a single proof to justify. Overall, Nigeria would have been at peace

Next na to go collect loan

$1 Trillion Loan Economy Loading..

Osariemen12:
300 billion dollars loan loading.

Quote me in 2027.

crossfm:
Hehehe.

"Na statistics we go chop", according to ...

I knew it. I'm not surprised!!

Segzy19:
Whenever I read comments on this Nairaland, I often realise how ignorant, foolish (lacking in wisdom), lazy (in thinking) and hasty (in conclusion) many people are in this country, especially the young generation...

I'm not sure whether the situation is redeemable...

They lack basic and deep understanding of many things. They are too lazy to think deep, and they abuse and rush to discard whatever they do not understand....

What a shame!

Well said bro, it absolutely is beyond redemption!

And you know what made it worse? It's coming from the younger generation, who should sit down, think deeply, do personal analysis before forming their own opinion.

But NO, their brain has been conditioned to reason in a certain way and they're not even willing to change. Very unfortunate!!

olaniyilukman:
you are just programmed to defend Tinubu when you knew he is a complete failure.....

Define complete failure?. You bandwagoners

zero8zero:
Tinubu is a step ahead of Trump.

Africa development bank is there we have nothing to show for it, we have jumped to Asia infrastructure investment bank. Looking for different ways to avoid accountability and address corruption in government.

zero8zero:
Tinubu is a step ahead of Trump.

Is Trump also doing CBEX scam of borrowing new loans to pay SMALLER old loans like ebilokan did for IMF and sukuk recently

Agbegbaorogboye:
Nigeria recently announced the full repayment of the $3.4 billion emergency loan obtained in 2020 from the International Monetary Fund (IMF), with the final installment paid ahead of schedule on April 30, 2025.

The loan, taken under the Rapid Financing Instrument (RFI) during the height of the COVID-19 pandemic, was meant to cushion the economy against the oil price crash and recession risk.

The IMF has confirmed that Nigeria no longer appears on its list of debtor countries. Nigeria has also never taken an IMF bailout loan.
However, while this repayment signals a commitment to fiscal responsibility, Nigeria still owes a total of N74.38 trillion in domestic debt and $44.9 billion in external debt as of December 2024.
This is based on the most recent data published by the Debt Management Office (DMO), which has yet to publish the data for the first quarter of 2025.

Domestic Debt: Bonds and Bills Lead the Pack
Nigeria’s domestic debt profile continues to be dominated by long-term and short-term instruments issued by the Federal Government:

FGN Bonds: N55.44 trillion
Nigerian Treasury Bills: N12.35 trillion
Other Domestic Instruments: N3.97 trillion
Promissory Notes: N1.54 trillion
FGN Sukuk Bonds: N992.56 billion
FGN bonds alone make up nearly 75% of all domestic debt, highlighting the government’s continued reliance on the bond market to fund its budget deficit.

External Debt: Eurobonds and the World Bank Dominate
Despite paying off the IMF loan, Nigeria’s external debt burden remains substantial. As of December 2024, total foreign debt stood at $44.9 billion, with the top five creditors being:

Eurobond holders – $17.32 billion
World Bank (IDA) – $16.56 billion
Exim Bank of China – $5.06 billion
African Development Bank (AfDB) – $2.10 billion
IBRD (World Bank) – $1.24 billion

Notably, Nigeria’s exposure to commercial debt markets through Eurobonds means higher interest costs and increased vulnerability to refinancing risks.

While the principal IMF loan has been cleared, Nigeria is still obligated to make annual payments of around $30 million in Special Drawing Rights (SDR) as part of service charges and administrative fees until 2029.

These charges are standard for IMF facilities.

Still, the repayment improves Nigeria’s image in global financial circles and may help its case in future multilateral and bilateral negotiations.

Why Is the Debt Still Growing?
Several key drivers explain the growing debt pile:

Currency Devaluation: With the naira trading around N1,550/$1, dollar-denominated debt now translates to more in naira terms.

High Budget Deficits: The federal government continues to finance large deficits by borrowing both locally and abroad.

Refinancing Needs: Maturing short-term securities like Treasury Bills mean that existing debt is often rolled over or refinanced at higher costs.


https://nairametrics.com/2025/05/13/public-debt-nigerias-biggest-creditors-after-repaying-imf-loans/

jaxxy:
Africa development bank is there we have nothing to show for it, we have jumped to Asia infrastructure investment bank. Looking for different ways to avoid accountability and address corruption in government.

Do you think that the switch to Asian bank is because Adesina is leaving AfDB soon, and ebilokan needs new sources of loans to pile on our heads

Islie:
Nigeria's Debt Burden Swells: Each Citizen Now Owes N624,527, Rises By 63% Under Tinubu Administration

Nigeria's public debt has surged significantly, with the amount owed by each citizen increasing by 63%, according to a review of the data released by the Debt Management Office.

When President Bola Tinubu took office in June 2023, the country's debt stood at N87.3 trillion. However, by September 2024, this figure had ballooned to N142.3 trillion, representing a substantial growth in the nation's debt burden.

According to population data from the World Bank, Nigeria’s population as of 2023 stood at 227 million.

With the total public debt standing at N87.3 trillion as of June 2023, it would mean that debt per capita (that is debt owed by each Nigerian), stood at N383,000 as of June 2023.

With the current total public debt standing at N142.3 trillion, it means that the debt per capita surged to N624,527 per Nigerian as of September 2024.

This amount is nine times the country’s minimum wage of N70,000.

Nigeria's debt crisis is deepening, with the country's total debt stock surging to N142 trillion as of September 2024. This represents a 5.97% increase from the previous quarter, driven largely by the depreciation of the naira, which has increased the cost of external debt obligations.


https://saharareporters.com/2025/01/24/nigerias-debt-burden-swells-each-citizen-now-owes-n624527-rises-63-under-tinubu