Nigeria’s strategic economic reforms have received a strong endorsement from the International Monetary Fund (IMF), following the conclusion of its 2025 Article IV Consultation.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, described the IMF’s report as a “firm validation of Nigeria’s reform credibility and macroeconomic direction,” noting that the country’s improved fiscal position and stronger external buffers are direct outcomes of decisive policy action by the Tinubu administration.
According to the Minister, the IMF’s assessment reflects international confidence in Nigeria’s ability to manage its economic transformation while weathering global headwinds.
Director of Information and Public Relations, Mohammed Manga in a statement quoted him to have pointed to the sustained growth in food production and rising agricultural productivity as key domestic wins contributing to easing inflation. Headline inflation dropped to 22.9% in May 2025, with food inflation falling to 21.4%.
“This recognition from the IMF reaffirms that our economy is not only stabilizing but also building the resilience needed to thrive in an increasingly volatile global landscape,” Edun said.
Addressing the risks flagged by the IMF—especially global uncertainty and oil market volatility—the Minister underscored the government’s readiness to respond with agility and foresight.
“The 2025 Budget is designed to protect the progress made while accelerating our momentum toward inclusive, private sector-led growth,” he said.
The Federal Government, he added, will continue to engage constructively with global financial institutions and development partners, while keeping its commitment to transparency, fiscal discipline, and economic inclusivity at the core of all policies.