By Redaction ARPS Media with Agencies
As of April 30, 2025, Nigeria has fully repaid $3.4 billion in emergency funding from the IMF, received in April 2020. Although the principal is repaid, Nigeria still owes about $30 million annually in Special Drawing Rights (SDR) charges.
The repayment was structured over five years with a 3.25-year grace period, highlighting Nigeria’s commitment to financial obligations. Ongoing SDR charges point to the need for continued fiscal discipline and strategic financial management.
