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IMF upgrades Nigeria’s growth outlook to 3.9% in 2025

The International Monetary Fund has raised Nigeria’s economic growth forecast, projecting a 3.9 per cent expansion in 2025 and 4.2 per cent in 2026. The updated outlook, released on Tuesday at the launch of the World Economic Outlook 2025 during the World Bank and IMF Annual Meetings in Washington, D.C., marks an improvement from the […]

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IMF urges Nigeria, others to strengthen governance, curb corruption

The International Monetary Fund has urged Nigeria and other emerging economies to strengthen governance diagnostics and curb illicit financial flows to boost resilience and rebuild public trust in state institutions. IMF Managing Director Kristalina Georgieva made the call during a Civil Society Town Hall at the ongoing IMF-World Bank Annual Meetings in Washington, D.C. She […]

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IMF, IFC hail Tinubu’s structural economic reforms

The International Monetary Fund and the International Finance Corporation have commended the administration of President Bola Tinubu for advancing structural reforms that enhance Nigeria’s attractiveness to investors. Speaking on Tuesday at the “International Business Conference and EXPO 2025: Invest Nigeria,” hosted by the Lagos Chamber of Commerce and Industry, IMF Resident Representative Dr. Christian Ebeke […]

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Why Nigeria must lift millions out of poverty – IMF

The International Monetary Fund has called on Nigeria to intensify efforts toward inclusive growth, tighten fiscal discipline, and improve domestic revenue mobilisation as crucial steps toward long-term economic stability and prosperity. In a blog post on Monday, IMF Mission Chief to Nigeria, Axel Schimmelpfennig, and Resident Representative, Christian Ebeke, praised recent reform efforts but cautioned […]

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Nigeria’s fiscal deficit could worsen without urgent reforms – IMF

The International Monetary Fund has raised alarm over Nigeria’s 2025 fiscal outlook, warning that the country must urgently adjust its budget targets to prevent a deepening financial crisis. In its Article IV consultation report released on Wednesday, the IMF highlighted a strong likelihood that Nigeria will exceed its fiscal deficit target for the year, citing […]

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IMF warns AI power surge could strain global energy systems

The International Monetary Fund raised alarms on Tuesday about the escalating electricity demands of artificial intelligence data centers, warning that the surge could challenge global energy infrastructure, drive up prices, and increase carbon emissions. In a statement, the IMF highlighted AI’s transformative potential to boost global economic growth by reshaping productivity, employment, and investment. However, […]

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Nigeria clears debt, exits IMF debtor nation list

The International Monetary Fund has removed Nigeria from its list of debtor nations after the country fully repaid its outstanding credit obligations. This development was revealed in the IMF’s latest report titled “Total IMF Credit Outstanding – Movement from May 01, 2025 to May 06, 2025”, published on the Fund’s website on Wednesday. According to […]

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IMF urges Nigeria to broaden tax revenue base

The International Monetary Fund has urged the Nigerian government to expand its tax revenue base and tackle tax evasion as part of necessary fiscal reforms to boost the country’s economic resilience. In a statement at the 2025 IMF Spring Meeting in Washington, D.C., IMF Managing Director Kristalina Georgieva stressed the importance for Nigeria and other […]

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IMF warns of rising global public debt, urges stronger fiscal policies

The International Monetary Fund has raised concerns about the rapid rise in global public debt, urging countries, especially emerging markets, to adopt stronger fiscal policies to reduce risks and stabilize their economies. It’s latest projections show global public debt will increase by 2.8% in 2025, more than double the 2024 estimate, pushing total debt levels […]

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IMF projects Nigeria’s inflation to average 26.5% in 2025

The International Monetary Fund projects Nigeria’s inflation rate to average 26.5% in 2025, following the recent rebasing of the Consumer Price Index by the National Bureau of Statistics. While this marks a decline from 33.2% in 2024, inflation is expected to rise again to 37.0% in 2026. This forecast is outlined in the IMF’s April […]

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IMF warns global economy faces slowdown amid rising trade tensions

The head of the International Monetary Fund, Kristalina Georgieva, has cautioned that the global economy is poised to slow down due to escalating trade tensions, particularly those stemming from United States-led protectionist measures. However, she emphasized that a global recession is not anticipated. Speaking on Thursday ahead of next week’s IMF Spring Meetings in Washington, […]

IMF lowers 2024 growth projections for Nigeria
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US tariffs pose threat to global economy – IMF

Managing Director of the International Monetary Fund, Kristalina Georgieva, on Thursday cautioned that the new United States tariffs “clearly represent a significant risk to the global outlook” and called on Washington to cooperate with its trade partners. Georgieva in a statement responded for the first time to President Donald Trump’s latest global tariffs, which have […]

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