The International Monetary Fund (IMF) says Nigeria is making meaningful progress following a series of significant structural reforms to restore financial discipline and credibility.
The IMF commended Nigeria’s authorities for bold and politically difficult policies that have “improved macroeconomic stability and enhanced resilience.”
The IMF, in its latest Article IV Consultation released on Wednesday, July 2, 2025, noted that the Central Bank of Nigeria (CBN) is “appropriately maintaining a tight monetary policy stance, which should continue until disinflation becomes entrenched.”
Naira appreciates against dollar at official market
“Gross and net international reserves increased in 2024, with a strong current account surplus and improved portfolio inflows,” it added.
Speaking on the IMF report, CBN Governor Olayemi Cardoso, said: “At a time of global uncertainty, this assessment reaffirms that responsible, forward-looking policy choices matter.
“It affirms that Nigeria is regaining credibility, anchoring expectations, and laying the foundation for inclusive, long-term growth.
“It is both an encouragement to stay the course, and a reminder that resilience and prosperity require continued discipline and vision.”
The Coalition of Federal Pensioners of Nigeria (FPN) has declared plans for a nationwide protest—one…
Chevron has announced it will participate in Nigeria’s next oil licensing round and plans to…
The Sokoto State Government has dismissed reports claiming Governor Ahmed Aliyu accompanied Abia State Governor…
OPEC’s crude oil production fell to 28.40 million barrels per day in November, down 30,000…
A Lagos High Court in Ikeja has adjourned to January 13, 2026, the trial of…
Senate President Godswill Akpabio has filed a N200 billion defamation suit against Senator Natasha Akpoti-Uduaghan…
This website uses cookies.