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

International Monetary Fund

No 2025/157, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: safeguards policy; safeguards recommendation; monitoring of the Central Bank of Nigeria; CBN's credibility; exchange rate volatility; Oil prices; Anti-money laundering and combating the financing of terrorism (AML/CFT); Energy subsidies; Global; Africa (search for similar items in EconPapers)
Pages: 85
Date: 2025-07-02
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