IMF Warns Nigeria Over Lack of Social Safety Net Amid Economic Reforms
Abuja, July 8, 2025 — The International Monetary Fund (IMF) has raised concerns that Nigeria’s wide-ranging economic reforms—such as subsidy removal, foreign exchange liberalisation, and tighter fiscal policy—are not benefiting the most vulnerable citizens due to a lack of effective social safety nets. In its latest Article IV assessment, IMF mission chief Axel Schimmelpfennig and Resident Representative Christian Ebeke stressed
