The International Monetary Fund (IMF) has expressed strong confidence in Nigeria’s reform-driven economic trajectory, noting that the country is on the verge of a major fiscal transformation.
In its latest assessment, the global financial institution highlighted that Nigeria’s policy realignments, fiscal discipline, and transparency initiatives are charting a more sustainable growth path for the economy.
Speaking on Nigeria’s outlook, Davide Furceri, Division Chief at the IMF’s Fiscal Affairs Department, confirmed that Nigeria remains within the “moderate risk” category—an indication of growing investor and institutional confidence in the country’s ongoing reforms.
“Currently, what we are projecting for Nigeria is a neutral fiscal stance, which we believe is consistent with monetary policies aimed at reducing inflation,” Furceri stated.
He explained that the IMF’s fiscal projections factored in Nigeria’s borrowing plans and the government’s new policy direction, describing its current fiscal approach as balanced and supportive of economic stability.
Furceri added that there remains significant scope to boost revenues through improved tax administration and broader revenue mobilization measures that do not hinder growth.
“On the revenue side, there is scope to improve collections through tax administration reforms and broader revenue mobilization in ways that do not harm growth. Nigeria has made significant progress in recent years,” he said.
The IMF’s positive outlook reinforces the view that Nigeria’s fiscal and monetary alignment—alongside its structural reforms—could lay the foundation for sustained growth, lower inflation, and greater macroeconomic stability in the coming years.
