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Remember career day? lol. @future jobs about 2030 will be wild. Think drone traffic controller... or maybe @robot ethicist. Breaking: new friend just messaged me about algae farm designer. Welcome to the future… #futureJobs #
Thanks to President Bola Tinubu's sound handling of our economy, Nigeria is now entirely debt-free to the IMF. Notice how Peter Obi and his followers have avoided that news. But if something bad happens in Nigeria, they will get drunk with joy and start posting.
Or am I lying?
#TableShaker
If one propaganda about Captain Ibrahim Traoré buying one bus is shared by some people, you would see Obidients and their co-travellers breaking the Internet to call him the next best thing after sliced bread and exulting and ululating.
But President Bola Tinubu has paid off Nigeria's entire debt to the International Monetary Fund. Debt he did not take. Loans racked up by previous governments. And they are trying to minimise that outstanding achievement.
Fact-check me: Burkina Faso is still collecting loans from the IMF, and its per capita income is only one-third of Nigeria's average income. But hey, if you think Burkina Faso is better than Nigeria, that's no biggie. Simply prove it by moving there.
#TableShaker
🚨 DOGE BREAKING: In the past two days, agencies canceled 522 wasteful contracts worth up to $285 million, resulting in $110 million in savings. This includes a $181,000 USDA contract for a “technical climate advisor for Central Africa.”
More tax dollars saved 💸
The PUNCH earlier reported that debt servicing to the IMF surged to $1.63bn in 2024, made up entirely of principal repayments, with no interest or other charges recorded.
The country’s total external debt servicing for 2024 amounted to $4.66bn, up from $3.5bn in 2023.
Of this, multilateral creditors accounted for the largest portion at $2.62bn or 56 per cent of the total.
The IMF’s share alone accounted for 35 per cent of Nigeria’s total external debt servicing in 2024 and about 62 per cent of the total paid to multilateral lenders.
Also, Nigeria’s debt to the IMF dropped significantly from $2.47bn in 2023 to $800.23m in 2024 — a reduction of 67.6 per cent, or $1.67bn, likely tied to repayments on the emergency and budget-support facility disbursed in 2020