O’tega Ogra, a Senior Special Assistant to President Bola Tinubu, has claimed that Nigeria has officially cleared all its legacy debts owed to the International Monetary Fund (IMF), marking what he described as a significant milestone in the administration’s ongoing economic reforms.
In a post shared today on his verified X (formerly Twitter) account, @otegaogra, Ogra stated that data from the IMF website as of May 6, 2025, confirms the clearance of the debt. He did not provide specific figures or documents to support the claim, directing readers instead to the IMF website for details.
“This is a signal of discipline, reform, and strategic reset by the Tinubu-Shettima administration,” Ogra wrote. He suggested that the alleged development would enhance Nigeria’s fiscal credibility and reposition the country as a responsible economic actor on the global stage.
He emphasized that while Nigeria has reportedly settled its outstanding obligations, it remains a member of the IMF and may still seek assistance when necessary. “The difference now is that any future engagement will be proactive, not reactive, and will also be based on partnership, not dependence,” he said.
The presidential aide framed the announcement as a continuation of earlier reforms in debt management and financial restructuring, which he claimed have boosted the government’s ability to invest in sustainable infrastructure and long-term policy priorities.
“Debt clearance today, reform momentum tomorrow,” Ogra declared, adding that President Tinubu will continue to focus on financial prudence for the benefit of future generations.
As of the time of this report, the IMF has not issued an official statement confirming Ogra’s claim. Independent verification of Nigeria’s debt status on the IMF website is ongoing.
The statement comes amid broader economic challenges facing Nigeria, including inflation, currency devaluation, and public discontent over subsidy removals and tax reforms.
Observers say if confirmed, the development could serve as a political and economic win for the administration, though they caution that structural reforms and debt sustainability will remain key concerns in the long term.
