Nigeria has officially settled all outstanding obligations to the International Monetary Fund (IMF), marking a historic step in its financial independence. With this development, the country has been removed from the IMF’s list of debtor nations, reaffirming its improved credit standing on the global stage.
The milestone comes as part of Nigeria’s broader economic reforms aimed at strengthening fiscal stability, reducing reliance on external borrowing, and boosting investor confidence. Analysts say the repayment signals a renewed commitment to managing public finances responsibly while creating space for homegrown strategies to drive growth.
By clearing its IMF debt, Nigeria is now better positioned to negotiate from a place of strength in international financial circles. The government has pledged to channel resources toward infrastructure, job creation, and industrialisation as the country charts a more self-reliant economic future.