Nigeria Repays $1.22 Billion IMF Debt in Nine Months

Nigeria has repaid $1.22 billion to the International Monetary Fund (IMF) in just nine months, according to a report from the Debt Management Office's external debt service. This payment marks a significant milestone in Nigeria's efforts to settle its IMF debt.

Nigeria has made significant progress in servicing its debt to the International Monetary Fund (IMF), having repaid a minimum of $1.22 billion over a period of nine months, according to reports from the Debt Management Office's external debt service data. This milestone marks an important step forward for the country's debt management efforts. The repayment is a notable achievement in Nigeria's ongoing efforts to manage its foreign exchange reserves and stabilize its economy. With this payment, Nigeria has demonstrated its commitment to meeting its international debt obligations.