In a statement issued on Tuesday, Taiwo Oyedele, minister of finance and coordinating minister of the economy, said the IMF’s 2026 Article IV Mission concluding statement provided independent validation of the economic reforms implemented by the administration of President Bola Tinubu.
The government said the report highlighted improvements in macroeconomic stability, fiscal management, foreign exchange market operations and banking sector resilience.
According to the statement, the IMF observed that reforms introduced over the past two and a half years had strengthened Nigeria’s capacity to withstand external shocks.
“The report provides further independent validation that the bold and necessary reforms undertaken under the leadership of President Bola Ahmed Tinubu are strengthening macroeconomic stability, restoring confidence, and laying the foundation for sustainable and inclusive growth,” Oyedele said.
The government said the IMF recognised the impact of key reforms, including the removal of fuel subsidies, the end of deficit monetisation, foreign exchange liberalisation
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