IMF unveils a comprehensive roadmap to help Nigeria rebuild its economy through fiscal discipline, tax reform, and sustainable development

The International Monetary Fund (IMF) has unveiled a comprehensive economic roadmap designed to guide Nigeria toward long-term growth, fiscal stability, and sustainable recovery.

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The recommendations were presented during an economic policy dialogue in Abuja, where IMF Resident Representative Mr. Christian Ebeke emphasised that Nigeria must take decisive action to diversify its revenue sources, reduce oil dependency, and channel public spending into productive sectors such as infrastructure, human capital, and technology.

Ebeke said the new policy direction signals the beginning of Nigeria’s economic reconstruction, highlighting the need for fiscal discipline, improved governance, and efficient management of public resources.

According to the IMF, the federal government should prioritise transparency in fiscal management and ensure that ministries, departments, and agencies operate with updated economic data for better planning and implementation.

The Fund also urged the government to modernise tax administration, expand the tax base to include the informal sector, and ensure that all revenue-generating agencies work under a unified fiscal framework.

Representing the Ministry of Finance, Permanent Secretary Mrs. Lydia Jafiya expressed appreciation for the IMF’s continued partnership and technical support. She noted that the proposed reforms would enhance efficiency, create jobs, and attract foreign investment.

From the monetary side, Central Bank Deputy Governor Dr. Kingsley Obiora assured the IMF of the government’s commitment to implementing necessary monetary and structural reforms aimed at stabilising the naira and restoring investor confidence within a year.

Finance Minister Wale Edun, in his closing remarks, reaffirmed President Bola Tinubu’s commitment to fiscal prudence, infrastructure investment, and private-sector empowerment as key pillars for sustainable economic recovery.

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The IMF noted that Nigeria’s roadmap forms part of a broader global effort to promote stability, inclusion, and growth across developing economies — positioning Africa’s largest economy for a stronger post-reform future.