Nigeria Won't Seek IMF Loans Amid Rising Debt Concerns
During a press briefing on Thursday, Nigeria's Finance Minister Wale Edun stated that the country has no plans to seek loans from the International Monetary Fund (IMF) despite increasing fiscal pressures and rising debt levels. This announcement was made amid broader concerns regarding debt sustainability across Africa, where calls have been made for vulnerable countries to seek financial support.
Edun emphasized that Nigeria is not considering borrowing from the IMF at this time and is focused on addressing structural issues to improve fiscal sustainability. According to the Debt Management Office (DMO), Nigeria's total public debt, which includes both federal and state government debts, increased by N14 trillion, reaching N159.27 trillion by the end of the fourth quarter of 2025.
Edun also highlighted the need for structural reforms to reduce reliance on expensive borrowing, noting that Nigeria's external debt represents 46.73% of its total public debt.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
Read full article
Continue on Nairametrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria Rejects IMF Support, Focuses on Domestic Reforms
Nigeria Declares No Plans to Borrow from IMF Fund
Nigeria Rejects IMF Bailout, Focuses on Home-Grown Reforms
IMF Declines to Favor Nigeria's Borrowing Options
IMF Predicts Decline in Nigeria's Debt-to-GDP Ratio
Nigeria Declines IMF's $50bn Support Fund Offer
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
