Economic experts have reacted to a recent report by the International Monetary Fund (IMF) suggesting Nigeria’s economic outlook is marked by significant uncertainty.
While agreeing with the report, experts called for a proactive step on the part of the government to hedge against the uncertainty triggered by declining oil prices and the ongoing tariff war.
The IMF had hinged its report on “elevated global risk sentiment and lower oil prices” which, it noted, impact the Nigerian economy.
The IMF’s statement was the observation of its staff who recently completed their 2025 Article IV Mission to Nigeria. The IMF Article IV mission is an annual visit where the designated staff assesses a member country’s economic health and provides policy recommendations.
The visiting team usually collects data, and discusses economic developments with officials while the findings are then presented to the IMF Executive Board.
The team, led by Axel Schimmelpfennig, IMF mission chief for Nigeria, visited Lagos and Abuja on April 2–15 to hold discussions for the 2025 Article IV Consultations with Nigeria.
