We are appealing to the government of Nigeria to always tell Nigerians who elected them to office the truth concerning the money they borrowed from the International Monetary Fund (IMF) and other financial institutions, including what is left behind. Let transparency be the keyword. We are saying so because the majority of Nigerians are celebrating that the government of Nigeria has cleared all the IMF debts, which is not correct. Now hear this: the government of Nigeria paid about 3.4 billion dollars to the IMF as part of the debt the country owes, and the IMF has also confirmed it. We applaud the government of Nigeria for doing so. But Nigerians should understand that this money paid to the IMF is regarded as a legacy debt. The government of Nigeria still owes the IMF a huge amount of money, which may not be completely paid in years to come. So those saying that Nigeria has cleared her debt should stop misleading most of the people of Nigeria because a huge part of the debt is still hanging on there. Nigeria has borrowed so much money from the IMF, which has affected the economy of Nigeria so badly. The reason is that the borrowed money was not properly used for projects that would yield income to the country. Again, if paying part of the debt to the IMF is to score a political point for the 2027 elections, then such moves may backfire because the Nigerian voters may have another plan and may not want to re-elect the APC/president Bola Tinubu-led government to office, considering the poor nature of the economy and the insecurity across Nigeria.
Source: Viewers Corner News
