IMF warns Nigeria of debt and oil and revenue risks.
IMF Warns Nigeria Over Rising Debt, Falling Oil Revenue and Fiscal Risks
The International Monetary Fund (IMF) has issued a cautionary note to Nigeria, warning that the country’s heavy reliance on oil, growing domestic debt, and overly optimistic revenue projections pose significant thr+ats to its economy.
The warning came during the IMF’s latest Article IV consultation, which revealed that Nigeria’s 2025 budget remains vulnerable due to declining oil prices, reduced production output, and a fiscal deficit projected to reach 4.7% of GDP.
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