...Below-forecast oil output threatens 2025 budget
...IMF urges delay in VAT hike, praises bold reforms
The International Monetary Fund (IMF) has urged the federal government to rework its N54.99 trillion budget for the year to reflect a less favorable oil price environment, warning that the country remains vulnerable to external shocks despite recent macroeconomic gains.
In its latest Article IV Consultation with Nigeria, the IMF praised bold reforms undertaken by Nigerian authorities in the past two years, including
