The International Monetary Fund has advised Nigeria to revise its ₦54.99 trillion 2025 budget, warning that its $75-per-barrel oil benchmark is unrealistic amid falling global prices.
In its Article IV report released Wednesday, the IMF cited lower oil prices—currently around $68—as a reason for recalibration. Despite raising Nigeria’s growth forecast to 3.4% due to increased oil output and easing inflation, the IMF stressed the need for fiscal adjustments to reflect market realities.
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