•Commends CBN FX reforms
•Finance Minister reacts
By Emma Ujah, Abuja Bureau Chief
The International Monetary Fund (IMF) has advised the Federal Government FG) to review 2025 N54.99 trillion budget in view of the lower-than-expected oil prices in the international market.
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The advice was contained in the Fund’s Article IV Consultation Report on Nigeria, released in Washington DC, USA, yesterday.
According to the global institution, Nigeria’s economy would grow at 3.4 per cent on the back of higher oil output and falling inflation rate, but the “2025 budget needs to be recalibrated to lower oil prices,” to reflect market realities.….KINDLY READ THE FULL STORY HERE▶
