NIGERIA JOINS SWITZERLAND, SINGAPORE, CHINA AND NEW ZEALAND ON THE LIST OF COUNTRIES NOT INDEBTED TO THE IMF



 Nigeria just cleared its IMF tab, wiring the last dollar of a $3.4 billion emergency loan and officially logging a zero balance with the Fund.

The administration adds that Nigeria now faces only about $30 million a year in SDR charges, a footnote next to the $4.66 billion the Debt Management Office spent on foreign-debt servicing in 2024, and is proof of tight fiscal discipline that should reassure global investors.


While this doesn't mean Nigeria is entirely debt-free, it does close one of its most symbolic obligations.


Nigeria joins Switzerland, Singapore, China and New Zealand among the Fund-independent economies, giving Africa's largest market fresh leverage at the global finance table.


#Nigeria #Imf #Debtfree #Credibility #Investors

#Finance

Comments

Post a Comment

Popular posts from this blog

📰 Allegations Surface Against Tinubu's Alleged Classmate "Alex

Image
  Just In: Nigerians online have reportedly uncovered alleged evidence suggesting that  "Alex"  — the man introduced by President  Bola Tinubu  as his former classmate from  Chicago University  — may have a controversial past. According to viral claims, Alex is allegedly involved in  the sale of heavy metals and firearms ("Kala's") , and has reportedly been  arrested in the past . These unverified reports have stirred widespread reactions and raised questions across social media platforms. #BreakingNews #Tinubu #ChicagoClassmate #AlexAllegations #NigeriaPolitics #ViralUpdate #Controversy
Read more

This was the email I got from them. The supposed United Nations job.

Image
  Dear Sir/Madam Diana Adesuwa,  We are pleased to inform you that, based on a comprehensive assessment of all applications received, you have been  pre-selected  as a suitable candidate for one of the fixed-term appointments for the position of  Administrative Assistant (NO-B)  with  FAO Nigeria . As part of the final onboarding process, we kindly ask that you submit the following by  May 23, 2025 : The signed Letter of Appointment (attached) A valid  BSAFE Certificate A valid  QREDIV® Certificate Please find attached the  Letter of Appointment and a copy of the  FAO Staff Regulations and Rules  applicable to this role. The  BSAFE  training is the official United Nations course on security awareness, required for all UN personnel. As a pre-selected candidate, your email address is now eligible to register on the UN’s training platform and complete the BSAFE course  here . The  QREDIV® Certificate ...
Read more