The International Monetary Fund has raised Nigeria’s economic growth forecast for 2026 to 4.4%, up from its earlier projection of 4.2%. The revised outlook was published in the IMF’s January 2026 update of the World Economic Outlook and unveiled on Monday at the report’s official launch. The adjustment reflects the Fund’s growing optimism about Nigeria’s…
The Special Adviser to the President on Economic Affairs, Tope Fasua, has faulted the recent International Monetary Fund (IMF) article that raised concerns over the country’s economic trajectory, saying the tone and timing of the message was faulty. He descried it as both discouraging and destabilising. Speaking on Channels Television’s “The Morning Brief on Tuesday,”…
The International Monetary Fund (IMF) has warned that Nigeria must urgently revise its budget targets or face a deepening financial crisis. The warning is contained in Nigeria’s fiscal outlook for 2025 report by the monetary body. In its latest Article IV consultation report, released on Wednesday, IMF points to a significant risk of Nigeria exceeding…
The International Monetary Fund (IMF) has ranked Nigeria as the 12th poorest country in the world. The ranking is based on GDP per capita in 2025, according to new data from the body published by Visual Capitalist. The report shows that Nigeria’s GDP per capita stands at just \$807, placing it among the bottom 15…
The Senior Special Assistant to President Tinubu on Digital Engagement and Strategy, O’tega Ogra, has said the full repayment of loan owed International Monetary Fund, IMF, was a signal of discipline, reform, and strategic reset by the Bola Ahmed Tinubu-Shettima administration in restructuring Nigeria’s finances. In a statement released on his 𝕏 account, Ogra confirmed…
The International Monetary Fund (IMF) has issued a formal apology to the Nigerian government following a heated exchange with Senator Ibrahim Musa during a recent economic roundtable in Washington, D.C. The apology came after the Senator confronted IMF representatives over what he described as “unsubstantiated and unfair criticisms” of President Bola Ahmed Tinubu’s economic reform…
By Prof. John Imonbhio Abhuere The visits by IMF officials in 2024 produced negative effects on both the IMF and Nigeria. In this segment of my reflection on the IMF and nation building in Nigeria, I shall discuss some of them including how the visits alienated the citizens, created apathy and hatred for the IMF…
INTRODUCTION In the third week of November 2024, the mass media in Nigeria was agog with the news that the IMF ” affirms support for Nigeria’s economic reforms. According to the media reports, the Managing Director of the International Monetary Fund (lMF) Kristalina Geogieva commended Nigeria’s economic reforms under the leadership of President Bola Tinubu….
