₦airaland Forum

Last time they said that it was Peter Obi using the church.....


It's obvious Wike didn't receive good home training....

No mosque will tolerate such rubbish

Children of hate..



According to agbadorians....



They are just the ones that hate...

Technologia...............

.,......................

The other day you were building a Ministry of Livestock for them and giving them the belief that the government is solidly behind them...


Now they have killed and destroy....


You are coming to tell me sorry......

Or to mock my pains...

He created the ministry of Livestock and obviously boosted their morale that the government is with them...


Comrades looking at the aftermath....

Tinubu can't even secure us... This is really unacceptable

Jealousy go kill you o .... Wetin be this

Even if it's a gun... How many Fulani hunters have you caught and sued ..

Omo.... Na heart attack be that

People are sending out moles...

All animals are equal, but some animals are more equal than others

ibechris:
People that burnt our Lodge because one Corp member drank beer in the lodge.

If u are in the north,just observe well and don't be nice.

They are not comfortable with southerners.

They use to throw stones on the roofs while we are having a fellowship

Sirkingsnado:
Which year is that cause I serve too

2020/2021

2004/2005 batch B.... Then there was only batch a and batch b

Cleanthes:
you can't tell me about where I live

Okay....

Cleanthes:
you can lie

Everyone is not like you.... Ungogo was were we camped, my friend was at the next LGA, kibiya....


If you know Rano well, you will know Kibiya LG

I served in Rano local government....



They almost burnt a Copper during my service...


For wearing a gown they claimed had Allah written on it....

It was just a setup

Lol


Dem go rescue all the married girls in North be that.....


95% still waiting to be rescued

Oh really



Bobrisky own na accusation not allegation....

Justice Azuka on my mind...

Superman Seyi

Okay.... So when are we going to see their AI research works for tackling insurgents

Don't use her past to judge her oooo

Nigerian used 2001 model Rav,4“

Wasn't a direct funding.....




after failing to report a series of high-value art sales to a man sanctioned over alleged links to Hezbollah.

Validated:
Your problem, have there been a white Osun priestess?

Does the osun have white people as his chiefs/cardinals?

SarkinYarki:
Is there White Oni of Ife ?

Does the ooni have white people as his chiefs/cardinals?

There will never be a black pope¿?

Okay nah

Lol... Dey don threaten this one..

Stop the lies....




### Key Points
- It seems likely that Nigeria has not cleared its IMF debt under the Tinubu administration.
- Research suggests the debt has increased, with liabilities rising from N2.524 trillion in 2023 to N5.069 trillion in 2024.
- The evidence leans toward ongoing efforts to manage the debt, with plans to clear it by 2029, but it remains outstanding as of May 2025.

---

#### Background
The Tinubu administration, led by President Bola Tinubu, has implemented economic reforms aimed at improving Nigeria's fiscal health, including removing fuel subsidies and unifying exchange rates. These reforms are part of broader efforts to manage national debt, including obligations to the International Monetary Fund (IMF). However, clearing the IMF debt entirely is a significant financial milestone, and the current status needs careful examination.

#### Current Status
As of May 2025, available data indicates that Nigeria's IMF debt has not been cleared. Instead, the country's liabilities to the IMF have increased, largely due to Naira depreciation. Official reports and financial statements show ongoing debt, with no evidence of full clearance under Tinubu's leadership.

#### Future Outlook
While the debt remains, there are plans and efforts to address it, with some sources suggesting Nigeria is on track to clear its IMF loan by 2029. This indicates a long-term strategy rather than an immediate achievement.

---

---

### Survey Note: Detailed Analysis of Nigeria's IMF Debt Under the Tinubu Administration

This note provides a comprehensive analysis of whether the Tinubu administration has cleared Nigeria's debt with the International Monetary Fund (IMF), based on available data and recent developments as of May 7, 2025. The analysis draws on financial reports, IMF statements, and news articles to ensure a thorough understanding of the situation, catering to readers seeking detailed insights into Nigeria's economic landscape.

#### Context and Economic Reforms Under Tinubu
President Bola Tinubu's administration, which began in May 2023, has pursued significant economic reforms to address Nigeria's fiscal challenges. These include the removal of fuel subsidies, unification of foreign exchange rates, and efforts to enhance domestic revenue through tax reforms. These measures have been partly influenced by recommendations from international organizations like the IMF and World Bank, aiming to reduce national debt and improve macroeconomic stability. However, the focus here is specifically on Nigeria's IMF debt, a critical component of its external financial obligations.

Early discussions, such as an article from *Foreign Policy* dated July 24, 2023 ([Will Bola Tinubu’s Reforms Help or Harm Nigeria?](https://foreignpolicy.com/2023/07/24/nigeria-tinubu-reform-economic-development-debt-imf-world-bank/)), highlighted that these reforms were intended to please international lenders and potentially reduce national debt. However, the article did not claim debt clearance, instead noting the potential macroeconomic benefits at the cost of immediate citizen impact.

#### Evidence of Increased IMF Liabilities
Contrary to the notion of debt clearance, financial data from recent reports indicates an increase in Nigeria's IMF-related liabilities under Tinubu. A detailed review by *Sahara Reporters* on May 6, 2025 ([Nigeria's Indebtedness to IMF Grows by N2.5 Trillion in One Year Under Tinubu](https://saharareporters.com/2025/05/06/nigerias-indebtedness-imf-grows-n25trillion-one-year-under-tinubu)) revealed that Nigeria's liabilities to the IMF rose from N2.524 trillion in 2023 to N5.069 trillion in 2024, an increase of N2.545 trillion. This surge was attributed to Naira depreciation, with an exchange loss of N2.544 trillion recorded during this period. The following table summarizes the key financial data:

| **Category** | **2023** | **2024** | **Change** | **Notes** |
|-----------------------------------|------------------|------------------|-------------------|---------------------------------------------------------------------------|
| IMF Liabilities | N2.524 trillion | N5.069 trillion | +N2.545 trillion | Increase attributed to Naira depreciation, exchange loss of N2.544 trillion |
| External Debt (Federal Govt) | N29.8 trillion | N62.917 trillion | +N33.1 trillion | As of June 2023 vs Dec 2024, excludes states and FCT |
| Domestic Debt (Federal Govt) | N48.3 trillion | N70.4 trillion | +N22.1 trillion | As of June 2023 vs Dec 2024 |
| Total Federal Debt (excl. states) | - | N144.6 trillion | +N55.2 trillion | Total public debt by end of 2024, increase from June 2023 to Dec 2024 |
| Debt Servicing (Q4) | N1.876 trillion | N2.199 trillion | +N0.323 trillion | Q4 2023 vs Q4 2024, exceeded budgeted N2.067 trillion for Q4 2024 |
| Public Debt as % of GDP | - | 51.29% | - | End-Sept 2024, below 70% threshold for market-access countries |

This table, sourced from the *Sahara Reporters* analysis, underscores the growing debt burden, particularly the IMF component, contradicting any claim of debt clearance.

#### IMF's Official Position and Outstanding Loans
Further confirmation comes from the IMF's official data. As of March 31, 2025, the IMF's country page for Nigeria ([Nigeria and the IMF](https://www.imf.org/en/Countries/NGA)) lists outstanding purchases and loans amounting to 306.81 million Special Drawing Rights (SDR), indicating that Nigeria still owes the IMF. The last Article IV Executive Board Consultation, held on April 26, 2024, also did not mention debt clearance, instead focusing on Nigeria's capacity to repay, which was deemed adequate ([IMF Executive Board Concludes Post Financing Assessment with Nigeria](https://www.imf.org/en/News/Articles/2024/02/09/pr2443-nigeria-imf-exec-board-concludes-pfa)). This suggests ongoing engagement with the IMF, with debt management rather than clearance being the focus.

#### Plans for Future Debt Clearance
While the debt has not been cleared, there are indications of long-term plans. An article from *Economic Confidential* dated May 2, 2025 ([Nigeria Set to Clear IMF Loan by 2029](https://economicconfidential.com/2025/05/nigeria-imf-loan/)) stated that Nigeria is on track to clear its IMF loan by 2029, highlighting the administration's reforms as part of this strategy. However, this is a future projection, not a current achievement, and does not align with the user's query about clearance under Tinubu.

#### Additional Context and Controversies
The increase in IMF debt has raised concerns, with some reports, such as a *P.M. News* article from March 3, 2024 ([Tinubu Sued Over Failure to Probe Missing $3.4 Billion IMF Loan](https://pmnewsnigeria.com/2024/03/03/tinubu-sued-over-failure-to-probe-missing-3-4-billion-imf-loan/)), pointing to controversies around missing IMF loans and calls for investigations. This adds complexity to the debt management narrative, suggesting potential mismanagement or unaccounted funds, which could impact public trust and fiscal strategy.

Moreover, recent efforts by the Tinubu administration to seek debt reduction from the IMF and World Bank, as noted in a *Legit.ng* article from April 23, 2025 ([Tinubu Govt Seeks Debt Reduction from IMF, World Bank as DMO Releases Amount Nigeria Owes](https://www.legit.ng/business-economy/economy/1651431-tinubu-govt-seeks-imf-world-bank-relief-debt-details-emerge/)), indicate that debt relief, not clearance, remains a priority. This aligns with reports of reducing the debt servicing burden from 96% of 2023 revenue to 67%, as mentioned in a *Mc Ebisco* article from February 17, 2025 ([BREAKING: How Nigeria Achieved Debt Reduction Under Tinubu Administration](https://mcebiscoo.com/breaking-how-nigeria-achieved-debt-reduction-under-tinubu-administration/)), creating fiscal space for investments but not eliminating the debt.

#### Conclusion and Implications
Based on the available evidence, it is clear that the Tinubu administration has not cleared Nigeria's IMF debt as of May 7, 2025. Instead, the debt has increased, and ongoing efforts are focused on management and future clearance by 2029. This analysis, grounded in financial data and official statements, provides a comprehensive view for stakeholders interested in Nigeria's economic trajectory under Tinubu's leadership.

---

### Key Citations
- [Will Bola Tinubu’s Reforms Help or Harm Nigeria?](https://foreignpolicy.com/2023/07/24/nigeria-tinubu-reform-economic-development-debt-imf-world-bank/)
- [Nigeria's Indebtedness to IMF Grows by N2.5 Trillion in One Year Under Tinubu](https://saharareporters.com/2025/05/06/nigerias-indebtedness-imf-grows-n25trillion-one-year-under-tinubu)
- [IMF Executive Board Concludes Post Financing Assessment with Nigeria](https://www.imf.org/en/News/Articles/2024/02/09/pr2443-nigeria-imf-exec-board-concludes-pfa)
- [Nigeria and the IMF](https://www.imf.org/en/Countries/NGA)
- [Tinubu Sued Over Failure to Probe Missing $3.4 Billion IMF Loan](https://pmnewsnigeria.com/2024/03/03/tinubu-sued-over-failure-to-probe-missing-3-4-billion-imf-loan/)
- [Tinubu Govt Seeks Debt Reduction from IMF, World Bank as DMO Releases Amount Nigeria Owes](https://www.legit.ng/business-economy/economy/1651431-tinubu-govt-seeks-imf-world-bank-relief-debt-details-emerge/)
- [BREAKING: How Nigeria Achieved Debt Reduction Under Tinubu Administration](https://mcebiscoo.com/breaking-how-nigeria-achieved-debt-reduction-under-tinubu-administration/)
- [Nigeria Set to Clear IMF Loan by 2029](https://economicconfidential.com/2025/05/nigeria-imf-loan/)