Nigeria: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nigeria

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2025 Issue 157

Publication date: July 2025

ISBN: 9798229015127

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Topics covered in this book

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Finance , Inflation , Economics- Macroeconomics , Public Finance , Industries - Energy , Revenue administration , Oil prices , Exchange rates , Inflation , Oil production , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Revenue mobilization , Currency markets

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Summary

Nigeria has implemented major reforms over the last 2 years which have improved macroeconomic stability and enhanced resilience. The country successfully tapped the Eurobond market and earned a credit rating upgrade, pointing to improved confidence. Growth has been steady but too low in per-capita terms, and inflation remains high. Gains have yet to benefit all Nigerians. Food insecurity and poverty have risen. Half-way through its term, the government is now focused on raising growth, while adapting to the spillovers from the changing global environment.