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Nigeria: Financial Position in the Fund
as of October 31, 2024

Summary of IMF members' quota, reserve tranche position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and historical transactions with the IMF.
I. Membership Status: Joined: March 30, 1961;Article XIV

II. General Resources Account:SDR Million%Quota
       Quota2,454.50100.00
       IMF's Holdings of Currency (Holdings Rate)2,892.72117.85
       Reserve Tranche Position175.477.15

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation4,027.90100.00
       Holdings3,193.2279.28

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Emergency Assistance 1/613.6325.00

 1/ Emergency Assistance may include ENDA, EPCA, and RFI.

V. Latest Financial Commitments:

     Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Aug 04, 2000  Oct 31, 2001788.94    0.00
      Stand-By  Jan 09, 1991  Apr 08, 1992319.00    0.00
      Stand-By  Feb 03, 1989  Apr 30, 1990475.00    0.00

     Outright Loans:

Date ofDateAmount ApprovedAmount Drawn
TypeCommitmentDrawn/Expired(SDR Million)(SDR Million)
      RFI  Apr 28, 2020  Apr 30, 20202,454.50    2,454.50

 1/ Undrawn outright disbursements (RFI and RCF) expire automatically 60 days following the date of commitment, i.e. Board approval date.

VI. Overdue Obligations and Projected Payments to Fund  2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         2024  2025  2026  2027  2028 
  Principal

613.63


  Charges/Interest
18.4938.8328.7728.7728.78
   Total
18.49652.4528.7728.7728.78

2/ When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

VII. Implementation of HIPC Initiative: Not Applicable

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI):  Not Applicable
IX. Implementation of Catastrophe Containment and Relief (CCR):  Not Applicable

As of February 4, 2015, the Post-Catastrophe Debt Relief Trust has been transformed to the Catastrophe Containment and Relief (CCR) Trust.

Prepared by Finance Department

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.