Press Staement on the IMF Article IV Consultation on Nigeria<\/p>\n
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today, welcomed the release of the International Monetary Fund\u2019s (IMF) findings on Nigeria, following the conclusion of the Article IV Consultation in April 2025.<\/p>\n
According to a statement signed by the Ministry’s Director of Information and Public Relations, Mohammed Manga, HM Edun expressed appreciation for the IMF\u2019s recognition of the Federal Government\u2019s ongoing reform efforts and the tangible progress achieved over the past two years.<\/p>\n
These reforms have contributed to notable improvements in Nigeria\u2019s fiscal and external positions, bolstering investor confidence and strengthening the resilience of the economy.<\/p>\n
The Minister also appreciated the Fund\u2019s acknowledgement of advancements in the agricultural sector, particularly increased food production, which has contributed to moderating inflation.<\/p>\n
As of May 2025, headline inflation eased to 22.9%, while food inflation declined to 21.4%\u2014both improvements from the higher levels recorded during the IMF mission.<\/p>\n
He further noted the IMF\u2019s positive outlook, which affirms that Nigeria\u2019s economic reforms have positioned the country to better withstand external shocks.<\/p>\n
In response to the downside risks highlighted in the IMF\u2019s report\u2014particularly uncertainties in the global economy\u2014the Minister reaffirmed the government\u2019s proactive stance and emphasized that the implementation of the 2025 Budget is being carried out with a focus on safeguarding reform gains and ensuring economic stability.<\/p>\n
The government continues to monitor developments in the international oil market and global trade environment and is taking responsive measures to mitigate potential risks while maintaining momentum toward inclusive growth.<\/p>\n
The statement added that the Federal Government remains fully committed to sound economic management that promotes macroeconomic stability, broad-based growth, and improved living standards for all Nigerians.<\/p>\n","protected":false},"excerpt":{"rendered":"
Press Staement on the IMF Article IV Consultation on Nigeria The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today, welcomed the release of the International Monetary Fund\u2019s (IMF) findings on Nigeria, following the conclusion of the Article IV Consultation in April 2025. According to a statement signed by the […]<\/p>\n","protected":false},"author":4,"featured_media":146827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[79,5,18],"tags":[1615,877,157,1614],"class_list":["post-146826","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","category-finance","category-news","tag-article-iv-consultation","tag-imf","tag-nigeria","tag-press-staement"],"yoast_head":"\n