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The Federal Government has welcomed the International Monetary Fund’s (IMF) findings on Nigeria’s economic performance, following the conclusion of the Article IV Consultation in April 2025.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, expressed appreciation for the IMF’s recognition of the government’s reform efforts and progress achieved over the past two years.
The IMF’s report noted notable improvements in Nigeria’s fiscal and external positions, increased investor confidence, and strengthened economic resilience.
The Minister also highlighted the Fund’s acknowledgment of advancements in the agricultural sector, particularly increased food production, which has contributed to moderating inflation.
As of May 2025, headline inflation eased to 22.9%, while food inflation declined to 21.4%. The IMF’s positive outlook affirms that Nigeria’s economic reforms have positioned the country to better withstand external shocks.
In response to potential downside risks, Mr. Edun reaffirmed the government’s proactive stance, emphasizing the implementation of the 2025 Budget with a focus on safeguarding reform gains and ensuring economic stability.
The government remains committed to sound economic management, promoting macroeconomic stability, broad-based growth, and improved living standards for all Nigerians.
