By Okeoghene Akubuike
The International Monetary Fund (IMF) has commended Nigeria’s economic reforms over the past three years, saying they had strengthened macroeconomic stability and improved the country’s resilience.
This is contained in a statement released on Tuesday following the conclusion of the IMF Executive Board’s 2026 Article IV Consultation with Nigeria.
The board, however, cautioned that living conditions remained difficult for many Nigerians, with poverty and food insecurity likely to worsen amid current global economic challenges.
In its assessment, the Directors said tight macroeconomic policies and continued structural reforms, supported by technical assistance from the Fund and development partners, would be crucial to preserving stability and promoting inclusive growth.
The directors called for a neutral fiscal stance in 2026 to support macroeconomic stability and disinflation while safeguarding priority expenditures and social spending.
They welcomed Nigeria’s recent tax reforms but noted that additional tax policy measures might be required over
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