Nigeria, April 24 -- At the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank, held in Washington, D.C., the IMF called on Nigeria to intensify fiscal reforms by adopting more efficient spending practices and enhancing revenue collection.

The global lender emphasized that prudent fiscal management is vital for maintaining economic stability and building resilience against domestic and international shocks.

Davide Furceri, Division Chief in the Fiscal Affairs Department at the IMF, acknowledged that Nigeria has made some progress in adjusting its fiscal policies. However, he emphasized that the government must go further by prioritizing its expenditures and making more effective use of public funds. He note...