Nigeria’s debt-to-GDP ratio is projected to fall steadily over the next two years. This is according to the International Monetary Fund’s latest Fiscal Monitor Report released in Washington.
The IMF expects the ratio to drop from 39.3 percent in 2024 to 36.4 percent in 2025, and further to 35 percent by 2026, reflecting improved fiscal discipline and economic stability. The figures include Central Bank overdrafts and AMCON liabilities.
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IMF Fiscal Affairs Director Vitor Gaspar said Nigeria’s fiscal policies align with efforts to curb inflation while supporting growth. He noted progress in tax reforms, spending efficiency, and social protection.
Globally, the IMF warned that public debt could exceed 100 percent of world GDP, reaching its highest level since 1948, amid widening fiscal vulnerabilities.
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