On May 8, 2025, Senator Shehu Sani, a prominent Nigerian human rights activist and former senator, took to X to share his thoughts on Nigeria’s reported clearance of its $3.4 billion debt with the International Monetary Fund (IMF).
In a cautiously optimistic post, Sani stated, “If truly confirmed that Nigeria cleared its debt with the IMF, that is commendable,” reflecting his skepticism toward government claims, a stance rooted in his history of challenging authority, including his imprisonment under military rule until 1999.
The news of the debt clearance stems from a report by The Punch, which confirmed that Nigeria completed the repayment of the $3.4 billion IMF loan principal by April 30, 2025.
The loan, originally disbursed in 2020 under the IMF’s COVID-19 Rapid Financing Instrument, had supported Nigeria during economic disruptions caused by the pandemic.
Here is what he wrote on his official X handle
Official data highlights a significant 67.6% reduction in Nigeria’s IMF debt, dropping from $2.47 billion in 2023 to $800.23 million in 2024.
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