Revealed! Nigeria absent on list of top 10 countries with lowest debt to IMF

• Many African nations are struggling with dense IMF debts, but a fewer person maintained debased indebtedness levels, giving them greater fiscal flexibility
• These countries payment from reduced outer power connected their economical decisions and bask improved recognition ratings
• Eswatini stands retired for importantly lowering its IMF indebtedness precocious compared to different African nations

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

As the 2nd fractional of 2025 progresses, ample indebtedness loads proceed to measurement heavy connected galore African nations. Several countries are grappling with analyzable indebtedness arrangements, including sizeable obligations to the International Monetary Fund (IMF).

A debased level of IMF indebtedness is besides a beardown indicator of dependable fiscal subject and liable fiscal management. Photo Credit: IMF, FG
Source: UGC

However, amid this challenging economical climate, a fewer African nations are opening to show a wide competitory vantage — those that person cautiously maintained comparatively debased indebtedness profiles with the IMF.

The astir important payment for these countries is the important fiscal leverage, flexibility, and much-needed breathing country this independency provides. In a planetary economy marked by rising involvement rates, stricter lending conditions from planetary bodies, and increasing scrutiny of nationalist debt, specified autonomy is critical.

These nations are amended positioned to navigate the complexities of planetary concern connected their ain terms, escaped from the contiguous load of IMF commitments. One of the cardinal advantages of this independency is the reduced power of outer forces connected home economical decisions.

A debased level of IMF indebtedness is besides a beardown indicator of dependable fiscal subject and liable fiscal management. It signals that a state has efficaciously managed its budgetary risks, steered wide of emergency borrowing, and preserved its estimation wrong the planetary fiscal community.

This beardown fiscal lasting leads to important knock-on benefits. Improved sovereign recognition ratings from planetary agencies often straight effect from prudent fiscal management. In turn, higher recognition ratings marque it easier and cheaper for these countries to entree backing from backstage markets and different multilateral lenders.

According to the IMF’s website, 10 African nations presently beryllium the astir money to the organisation. Eswatini has climbed to the apical of the database since past month, with precise debased IMF indebtedness compared to astir different African nations — dropping from 19,625,000 to 9,812,500 (currency to beryllium specified).

IMF said a fewer countries maintained debased indebtedness levels, giving them greater fiscal flexibility. Photo Credit: FG
Source: UGC

Nigeria’s per capita indebtedness crosses N600k

Legit.ng reported that Data from the Debt Management Office (DMO) shows that Nigeria’s debt illustration stood astatine N144.665 trillion, astir $94.2 billion, arsenic of December 31, 2024.

Nigeria’s indebtedness is simply a analyzable and evolving scenery that has accrued recently, chiefly driven by fund deficits, speech complaint depreciation, and the request for infrastructure financing.

The DMO information shows that arsenic of Q1 2024, Nigeria's nationalist indebtedness stood astatine N121.67 trillion (US$91.46 billion). By December 2024, it further accrued to N144.67 trillion.

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Source: Legit.ng