The International Monetary Fund (IMF) has urged the federal government to rework its 2025 N54.99 trillion budget to reflect a less favourable oil price environment, warning that the country remains vulnerable to external shocks despite recent macroeconomic gains. In its latest Article IV Consultation with Nigeria, the IMF praised bold reforms undertaken by Nigerian authorities in the past two years, including the removal of fuel subsidies, cessation of central bank financing of fiscal deficits, and the liberalisation of the foreign exchange (FX) market. However, the Fund emphasised that more effort…
Read MoreIMF Urges Nigeria To Cut 2025 Budget On Oil Prices Drop
