Nigeria

Nigeria joined the IMF at independence in 1961. As Africa's largest economy by GDP, Nigeria's quota share remains underrepresented. Nigeria received structural adjustment loans from the IMF in the 1980s-90s during periods of economic instability. The country's oil wealth drove rapid quota growth in the 1970s-80s. Nigeria's persistent foreign exchange challenges mean SDR holdings often fall below allocation levels.

Current Allocation

SDR 1.8B

2026

Current Holdings

SDR 1.5B

-15.4% vs allocation

IMF Quota Share

0.37%

SDR 1.8B quota

Allocation Growth

+24185%

Since 1970

Initial SDR Allocation

First Allocation Year

1970

Initial SDR Allocation

SDR 7M

Initial Quota Share

0.19%

SDR Allocation & Holdings Over Time

Allocation

Holdings

IMF Quota Share Evolution (%)

Decade-by-Decade SDR Status

Year	Allocation (M SDR)	Holdings (M SDR)	Quota Share	Net Position	Note
1970	7	7	0.19%	+0	—
1981	134	100	0.55%	-34	Oil boom era
1991	246	180	0.33%	-66	Economic mismanagement era
2001	579	450	0.8%	-129	IMF structural adjustment programs
2011	1,431	1,300	0.37%	-131	—
2021	1,773	1,700	0.37%	-73	2021 allocation
2026Current	1,773	1,500	0.37%	-273	Current status; FX pressures

2026 — Current SDR Status

Total Allocation

SDR 1,773M

Current Holdings

SDR 1,500M

IMF Quota (SDR)

SDR 1,773M

Status

▼ Net Borrower (-15.4%)