The International Monetary Fund (IMF) has warned that global public debt could reach 100 per cent of world economic output by the end of the decade, as rising borrowing costs and expensive responses to energy shocks put government finances under increasing pressure. It said countries must urgently strengthen their public finances, improve tax systems and …
The International Monetary Fund (IMF) has advised Nigeria to resist calls to restore broad-based petrol subsidies, recommending targeted transport support and better public spending to protect vulnerable households without worsening pressure on government finances. The Fund said directing relief to people most affected by higher fuel prices would be more effective than subsidising petrol for …
The International Monetary Fund (IMF) has warned that rising energy prices, higher borrowing costs and uncertainty surrounding the artificial intelligence boom are putting pressure on the global economy, leaving growth increasingly vulnerable to further shocks. The Fund projects global economic growth at 3.1 per cent in 2026 before rising to 3.4 per cent in 2027, …
The International Monetary Fund (IMF) has urged the Nigerian government to expand targeted cash transfers and temporary income support for vulnerable households as rising food and energy costs deepen pressure on living standards. The Fund also called for improved revenue collection and better public spending to protect vulnerable citizens while maintaining fiscal stability. Deniz Igan, …
Nigeria’s economy is projected to grow by 4.1 per cent in 2026 and 4.3 per cent in 2027, putting its growth trajectory significantly ahead of South Africa, which the IMF expects to expand by only 1.1 per cent and 1.3 per cent, respectively, over the same period. The projections were contained in the International Monetary …
Governments should avoid relying on broad food price subsidies during periods of rising food prices because they can consume scarce public resources while disproportionately benefiting wealthier households, the International Monetary Fund (IMF) has warned. In a report shared on Thursday, September 2026, the IMF said governments should instead diagnose the cause of a food-price shock …
The International Monetary Fund (IMF) has said artificial intelligence (AI) could increase Sub-Saharan Africa's gross domestic product by about four per cent over the next decade if countries, including Nigeria, address long-standing constraints such as unreliable electricity, weak digital infrastructure and skills shortages. In its 2026 departmental paper, 'Unlocking the Potential: AI in Sub-Saharan Africa', …
Nigeria's economy is expected to maintain steady growth through 2027 as recent reforms continue to strengthen macroeconomic stability, according to the International Monetary Fund (IMF). The Bretton Woods Institution, however, warned that rising food and energy costs, worsening poverty, election-related pressures and weak participation in the global artificial intelligence (AI) boom could threaten the country's …
Fresh concerns have emerged over the transparency and accountability of Nigeria's public finance management following revelations by the International Monetary Fund (IMF) that public expenditure equivalent to two per cent of the country's Gross Domestic Product (GDP) was omitted from recent national budgets. The disclosure has reignited debate over fiscal discipline, with Director of the …
African countries must strengthen domestic revenue collection, improve spending efficiency, and expand alternative sources of financing as foreign aid declines sharply across the region, the International Monetary Fund (IMF) said in a report released on Monday. The IMF warned that official development assistance, which has long been a major source of funding for many countries …
