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IMF Warns Nigeria: Adjust Budget to Match Oil Price Reality
The Business NG
|The BusinessNG
The International Monetary Fund (IMF) has urged the Nigerian government to revise its 2025 national budget in line with current global oil market realities.
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The Fund's warning comes amid concerns that Nigeria’s budget assumptions—anchored on a $75 per barrel benchmark—are out of sync with declining oil prices.
The 2025 budget, set at 54.99 trillion, could face serious financing pressures if oil prices continue to hover below the projection. In its latest Article lV Consultation Report on Nigeria, the IMF stressed that failing to adjust the fiscal framework could result in a widening deficit and threaten macroeconomic stability.
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