Nigeria, May 8 -- The International Monetary Fund (IMF) Thursday disclosed that Nigeria has fully repaid its financial support of US$3.4 billion it requested and received in April 2020.

The fund was disbursed under the Rapid Financing Instrument, designed to help alleviate the impact of the COVID-19 pandemic and the sharp fall in oil prices.

An IMF spokesperson told PREMIUM TIMES Thursday afternoon that the nation is however expected to honor additional payments in the form of Special Drawing Rights charges of about US$30 million annually.

"As of April 30, 2025, Nigeria has fully repaid the financial support of about US$3.4 billion it requested and received in April 2020 from the International Monetary Fund (IMF) under the Rapid Financ...