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Crutox x MEXC Global 🤝
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No, Nigeria does not owe the IMF any outstanding loans. The $3.4bn emergency financing from 2020 was fully repaid by April 2025. Current IMF data shows zero credit outstanding for Nigeria as of June 2026.
Foreign reserves are Central Bank assets (currencies, gold, SDRs), not IMF loans. Nigeria still holds its IMF quota and SDR allocation as a member.
YOU CAN’T BECOME PRESIDENT THROUGH DECEIT – UMAHI
The Honourable Minister of Works, Senator Engr. David Umahi, CON, has declared that no politician can become President through deceit, insisting that truth, accountability, and a verifiable record of service remain the hallmarks of credible leadership.
Umahi made the remarks on Friday, June 19, 2026, during the inspection of Section 2 of the Lagos-Calabar Coastal Superhighway in Epe, Lagos State.
The Minister expressed concern over reports on social media alleging that former Governor of Anambra State, Mr. Peter Obi, had promised to stop President Bola Ahmed Tinubu’s legacy infrastructure projects if elected President.
“When my brother Peter Obi said, as I saw on social media, that he would stop the legacy projects, that was a very painful statement. I hope he didn’t say so. But I know Nigerians will reject that position.”
Emphasizing the importance of honesty in leadership, Umahi stated:
“One of the things I hate most is deceit.”
“I was Deputy Governor when my brother, His Excellency Peter Obi, was Governor of Anambra State and Chairman of the Southeast Governors’ Forum.
“I know his position on IPOB. I know the disagreement between him and Nnamdi Kanu. I know his feelings and the actions he took, which he was entitled to take. But he should be man enough to own those actions and not come before Nigerians and say, “Oh, this man did not say anything. He was just talking,” as though it was harmless.
“I was Governor of Ebonyi State and Chairman of the Southeast Governors’ Forum.”
The Minister stressed that leaders across the Southeast have continued to work towards peace while exploring political solutions to issues affecting the region.
“The governors of the Southeast are doing everything possible, and we are supporting them in ensuring a peaceful Southeast while also exploring political ways of helping our brother, Nnamdi Kanu.”
He argued that Mr. Obi had not spoken on issues affecting the Southeast, particularly during periods of insecurity and the enforcement of the Monday sit-at-home order.
“Nobody should joke with the thousands of Southeast people who were killed in the process. He has not been honest with our people. People sit at home every Monday, and he has not spoken against it. He simply wants to become President by all means, and that is not good for our people. Let us know the truth. Deceit will not help us.”
On the Lagos-Calabar Coastal Superhighway, Umahi described the project as evidence of President Tinubu’s long-standing vision for national development and economic growth.
“This project that someone is said to have promised to stop, and I hope he never said so, is highly innovative. I only saw it on social media.”
He challenged members of the Obedient Movement to compare the records of President Tinubu and Peter Obi during their respective tenures as governors.
“I have challenged the Obedient Movement to compare President Bola Tinubu’s record as Governor of Lagos State with that of Peter Obi as Governor of Anambra State. Let us see the master plans each of them created. Let us see the projects that lived beyond their tenure.”
According to him, the Coastal Highway stands as a practical demonstration of President Tinubu’s foresight and commitment to infrastructure development.
“Today, we are standing on the Coastal Highway, which shows the vision of President Bola Tinubu beyond his time as Governor.”
Umahi further noted that ongoing infrastructure initiatives, including efforts around the River Niger corridor, would have unlock significant economic opportunities for the Southeast and the nation at large if it were done earlier.
“We had opportunities such as dredging the River Niger. If that had happened earlier, as is being pursued now, it would have helped the Southeast tremendously.
“We would have built bigger roads and delivered more infrastructure.”
South-East: Governor Peter Mbah Attributes Enugu Infrastructural Transformation to President Tinubu's Increased Allocation to Subnational Governments.
@PNMbah