Tag: IMF

  • FG Rejects Claims of Missing ₦8.8tn, Faults IMF Report Interpretation

    FG Rejects Claims of Missing ₦8.8tn, Faults IMF Report Interpretation

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    By Opeyemi Adelakun The Federal Government has dismissed reports alleging that about ₦8.8 trillion in public expenditure is missing, insisting that the claims stem from a misinterpretation of observations made by the International Monetary Fund (IMF). In a statement issued on Sunday, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele,…

  • IMF Proposes Fuel, Telecom Taxes for Nigeria

    IMF Proposes Fuel, Telecom Taxes for Nigeria

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    By Gloria Drealomalicha The International Monetary Fund (IMF) has advised Nigeria to consider introducing new taxes on fuel products and telecommunications services as part of broader efforts to increase government revenue and support economic development. The recommendation was contained in the IMF’s 2026 Article IV Consultation Report on Nigeria, which outlined measures the country could…

  • IMF Warns Nigeria’s Weak Budget Credibility Threatens Fiscal Stability

    IMF Warns Nigeria’s Weak Budget Credibility Threatens Fiscal Stability

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    By George Omagbemi Sylvester The International Monetary Fund (IMF) has warned that weak budget credibility and poor implementation practices are undermining Nigeria’s fiscal stability, worsening revenue gaps, encouraging opaque spending, and weakening public trust in governance. The warning was highlighted on May 14, 2026, in a new IMF assessment examining budget execution across sub-Saharan Africa.…