International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries.
In a report titled: ‘Total IMF Credit Outstanding – Movement from May 01, 2025 to May 06, 2025,” obtained on the multilateral institution’s website yesterday, Nigeria was not listed among its debtors which has a total of 91 developing and least developed countries owing the Fund a total of $117,797,656,224 as at 6th of May 2025.
Total IMF credit outstanding refers to the total amount of unpaid and outstanding principal due to the Fund from its member countries.
This includes both outstanding loans under current arrangements and those that have expired.
When contacted on the development yesterday, a top IMF official in Washington DC, who pleaded to remain anonymous, told THISDAY they were trying to confirm the reports, pointing out that Nigeria borrowed a rapid finance loan during the pandemic.
