The International Monetary Fund (IMF) has admonished Nigeria to adapt its 2025 budget to lower oil prices and scale up cash transfers to shield the most vulnerable parts of its population.
In its latest assessment of Nigeria’s economic policies, IMF asserted that economic growth though steady is low in per capita terms, while inflation remains high. The Fund predicted that the country’s economy would expand at 3.4% this year and 3.2% in 2026.
Calling on policymakers to build and safeguard the economy, most especially tackling high poverty and food insecurity.”
The call followed President Bola Tinubu’s directive to oil and gas operators in the country to revive dormant oil fields to boost crude oil production and revenue.
IMF Urges Nigeria to Adjust 2025 Budget for Lower Oil Prices, Expand Support for Vulnerable Citizens
