Nigeria has fully repaid its $3.4 billion COVID-19 loan from the International Monetary Fund (IMF), clearing its debt under the Rapid Financing Instrument (RFI).
The repayment, made within the agreed five-year period, marks a significant milestone in the country’s fiscal management.
Former Special Assistant on Digital and New Media to President Muhammadu Buhari, Tolu Ogunlesi, confirmed the repayment, citing IMF data showing Nigeria’s payment of SDR 2.45 billion.
Senior Special Assistant on Digital and New Media to President Bola Tinubu, O’tega Ogra, said the repayment strengthens Nigeria’s fiscal credibility and demonstrates the government’s commitment to responsible economic management.
