Nigeria Vows to Sustain Economic Reforms as IMF Commends Policy Direction
The Federal Government has reaffirmed its commitment to sustaining ongoing economic reforms following positive assessments and growing support from the International Monetary Fund (IMF).
The government said recent endorsements from the IMF reflect increasing confidence in Nigeria’s economic policy direction under President Bola Ahmed Tinubu’s administration, particularly reforms aimed at stabilizing the economy, attracting investment, and strengthening fiscal discipline.
Officials noted that the administration remains focused on implementing market-driven policies, improving public finances, enhancing foreign exchange stability, and creating an enabling environment for private sector growth.
According to the government, reforms introduced since 2023 have begun yielding measurable results, including improved macroeconomic stability, stronger investor confidence, and better functioning of the foreign exchange market. The IMF recently acknowledged that Nigeria’s policy adjustments have helped rebuild economic buffers and strengthen the country’s resilience.
The Federal Government stressed that despite global economic uncertainties, it will not abandon its reform agenda. Instead, authorities pledged to deepen measures designed to diversify the economy, increase revenue generation, expand infrastructure investment, and create jobs for millions of Nigerians.
Economic managers also emphasized the importance of maintaining fiscal discipline while ensuring that social intervention programmes continue to cushion vulnerable citizens from the temporary effects of reforms.
The IMF projected continued growth for Nigeria’s economy and highlighted improvements in policy credibility, while urging authorities to sustain reforms and attract more long-term investments into key sectors.
Government officials maintained that the reform programme is essential for achieving long-term economic prosperity, reducing dependence on oil revenues, and positioning Nigeria as one of Africa’s leading investment destinations.
They reiterated that the administration remains committed to building a stronger, more competitive economy capable of delivering sustainable growth and improved living standards for citizens across the country.
