US EditionNigeria: IMF Urges Government to Revisit 2025 Budget
- On Wednesday, the IMF released its Article IV Consultation report, warning that Nigeria's 2025 fiscal outlook faces serious risks and urging a budget revision.
- The warning follows optimistic hydrocarbon revenue assumptions challenged by lower oil prices, production shortfalls, and difficulties in capital expenditure execution.
- The 2025 budget approved at N54.99 trillion assumes $75 per barrel oil price and 2 million barrels per day production, while current prices hover near $68.5 per barrel.
- The IMF projects Nigeria's fiscal deficit could reach 4.7 percent of GDP in 2025 and recommends adopting a neutral fiscal stance to safeguard stability and enhance social support.
- Finance Minister Wale Edun acknowledged the risks, affirmed commitment to economic stability, and pledged budget recalibration through increased oil output and revenue mobilization efforts.
11 Articles
11 Articles
IMF warns Nigeria of increased budget deficit as oil prices fall
A section of the review containing a report prepared by an IMF staff team for the executive board’s consideration, reckoned that Nigeria’s consolidated fiscal deficit will rise to 4.7 per cent of GDP in 2025. The post IMF warns Nigeria of increased budget deficit as oil prices fall appeared first on Premium Times Nigeria.
IMF advises Nigerian govt to review 2025 budget, gives reason
The International Monetary Fund has advised the Nigerian government to review its 2025 budget to reflect lower-than-expected global oil prices. The IMF disclosed this in its Article IV Consultation Report on Nigeria, released in Washington, DC, USA, on Wednesday. This comes as the Fund on Wednesday raised Nigeria’s growth rate projection to 3.4 percent from 3.2 percent on the back of higher oil output, which stood at 1.745 million barrels of cru…
Nigeria’s Fiscal Deficit To Widen In 2025 Amid Oil Revenue Shortfall – IMF » News.ng
Nigeria is projected to experience an uptick in its fiscal deficit, reaching 4.7% of GDP in 2025, according to recent findings by the International Monetary Fund (IMF). This projection underscores ongoing fiscal headwinds, despite government reforms aimed at stabilising the economy. The widening gap is largely attributed to weaker oil revenues and rising public spending. These trends, if left unaddressed, could jeopardize long-term fiscal sustai…
Nigeria Doesn’t Need Applause—It Needs Access - Newsmakers
By Abidemi Adebamiwa/ The International Monetary Fund has urged Nigeria to revise its ₦54.99 trillion 2025 budget downward in response to weakening oil revenues. It also recommends continued tight monetary policy and high interest rates until inflation further slows. These suggestions may appear sound within orthodox economic models, but for most Nigerians, they are a […] The post Nigeria Doesn’t Need Applause—It Needs Access appeared first on N…
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