Fed Govt Receives IMF Findings, Commits to Economic Stability
By Patience Ikpeme
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Wednesday acknowledged the release of the International Monetary Fund’s (IMF) findings on Nigeria, following the conclusion of its Article IV Consultation in April 2025.
Minister Edun conveyed appreciation for the IMF’s recognition of the Federal Government’s ongoing reform efforts and the clear progress achieved over the past two years. These reforms, he noted, have significantly improved Nigeria’s fiscal and external financial positions, boosting investor confidence and strengthening the economy’s ability to withstand challenges.
The Minister also welcomed the Fund’s comments about advancements in the agricultural sector, specifically mentioning increased food production. This progress has helped in moderating inflation rates. As of May 2025, overall inflation eased to 22.9%, while food inflation declined to 21.4%—both improvements from the higher levels observed during the IMF mission.
He further pointed to the IMF’s positive outlook, which states that Nigeria’s comprehensive economic reforms have prepared the country to better manage external shocks.
In response to potential risks mentioned in the IMF’s report, particularly global economic uncertainties, the Minister confirmed the government’s proactive approach. He explained that the 2025 Budget is being carried out with a focus on protecting the gains from reforms and ensuring overall economic stability. The government continues to observe developments in the international oil market and the global trade environment, taking measures to reduce potential risks while maintaining momentum toward growth that includes everyone.
The Federal Government remains fully dedicated to sound economic management aimed at promoting macroeconomic stability, broad-based growth, and improved living standards for all Nigerians.
