Federal Gov't Confirms Repayment Of $3.4bn COVID-19 IMF Loan

Nigeria Fully Repays $3.4bn IMF Loan – Minister - NEWS AGENCY OF NIGERIA

By Salif Atojoko

Nigeria Clears $3.4 Billion IMF Debt from COVID-19 Emergency Funding

The Nigerian government has announced the complete repayment of a $3.4 billion loan from the International Monetary Fund (IMF), secured in 2020 to mitigate the economic fallout of the COVID-19 pandemic. The milestone, confirmed on May 12, 2025, reflects Nigeria’s commitment to fiscal discipline and signals a strengthening economic position amid ongoing reforms.The loan, part of the IMF’s Rapid Financing Instrument, was disbursed in April 2020 to…

Nigeria fully repays $3.4bn IMF loan – Minister

Mohammed Idris, the Minister of Information and National Orientation, has confirmed that Nigeria has fully repaid the $3.4 billion COVID loan from the International Monetary Fund (IMF). The Minister said this while briefing State House Correspondents after the sixth Federal Executive Council (FEC) meeting on Monday. Idris addressed some scepticism regarding the repayment, stating, “We […] The post Nigeria fully repays $3.4bn IMF loan – Minister …

Federal Gov't Confirms Repayment Of $3.4bn COVID-19 IMF Loan

The federal government has confirmed that Nigeria has fully repaid the $3.4 billion loan obtained from the International Monetary Fund (IMF) during the COVID-19 pandemic. Speaking to State House correspondents after Monday’s Federal Executive Council (FEC) meeting, the Minister of Information and National Orientation, Mohammed Idris, said the repayment, ordered by President Bola Tinubu, reflects the administration’s dedication to financial disci…

Analysts cautious as N190bn SDR charges, debts tug finances despite $3.4bn IMF repayment – Businessamlive

The big picture is still not a good or desired position- University Don Exposures to foreign debt must be reduced- CPPE Onome Amuge Nigeria has officially cleared the $3.4 billion financial lifeline it received from the International Monetary Fund (IMF) under the Rapid Financing Instrument (RFI) during the peak of the COVID-19 pandemic. This follows the IMF’s confirmation of the full repayment of the principal amount, disbursed in April 2020 t…

Nigeria Fully Repays USD 3.4 Billion IMF Loan Amid Ongoing Debt Pressures

Nigeria has fully repaid its USD 3.4 billion emergency loan it received from the International Monetary Fund (IMF) in 2020 to cushion the economic blow of the COVID-19 pandemic, the global lender confirmed Thursday. The repayment, completed on April 30, comes five years after the IMF extended the funds through its Rapid Financing Instrument. At the time, Nigeria’s economy—Africa’s largest oil producer—was reeling from a historic collapse in crud…