The International Monetary Fund has advised the Nigerian government to revise its proposed ₦54.99 trillion 2025 budget, warning it remains too optimistic given current oil price uncertainties.
In its latest Article IV Consultation, the IMF praised recent reforms, including fuel subsidy removal, FX market liberalisation, and halting central bank deficit financing.
Also Read: Jettison IMF, World Bank’s Policies Falana Tells FG
However, it cautioned that Nigeria remains exposed to external shocks and urged a more cautious fiscal approach.
Directors of the Fund stressed the need for a “neutral fiscal stance” focused on growth-friendly investments and economic resilience.
They also called for stronger efforts to ensure reforms deliver tangible benefits to the wider population.
Leave feedback about this
You must be logged in to post a comment.