The Federal Government has welcomed the International Monetary Fund (IMF) 2026 Article IV Mission Concluding Statement on Nigeria, describing it as an independent validation of ongoing economic reforms.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, said the IMF’s assessment reflects progress in strengthening macroeconomic stability and rebuilding confidence in the Nigerian economy.
In a statement, Oyedele said the Fund’s report confirmed that reforms undertaken over the past three years have improved economic outcomes and enhanced Nigeria’s resilience to external shocks.
He noted that the IMF highlighted key gains, including improved foreign exchange market functionality, stronger external buffers, ongoing fiscal and revenue reforms, banking sector resilience, and overall macroeconomic stability.
According to him, the report provides further evidence that the government’s policy direction under President Bola Ahmed Tinubu is yielding positive results.
“The IMF report provides further independent validation that the bold and necessary reforms undertaken under the leadership of President Bola Ahmed Tinubu, GCFR, are strengthening macroeconomic stability, restoring confidence, and laying the foundation for sustainable and inclusive growth,” he said.
Oyedele added that the Federal Government is encouraged by the IMF’s recognition of difficult but necessary policy decisions, including the removal of fuel subsidies, the elimination of deficit monetisation, foreign exchange market liberalisation, and stronger fiscal discipline.
He said these measures have helped reduce economic vulnerabilities and improve investor confidence in the Nigerian economy.
The minister stressed that the government remains committed to sustaining the reform agenda despite short-term challenges, noting that the long-term goal is to achieve inclusive and sustainable growth.
He further assured that ongoing reforms will continue to focus on strengthening fiscal management, improving revenue generation, and stabilising key economic indicators.
The IMF report comes amid continued efforts by the government to reposition the economy through structural adjustments and policy reforms aimed at addressing long-standing fiscal and external imbalances.
The Federal Government said it would continue to engage with international financial institutions and development partners to support its economic transformation agenda.
