Nigeria Must Prioritise Spending, Build Fiscal Buffers – IMF

• The International Monetary Fund (IMF) urges Nigeria to spend wisely amidst pressing needs.

• The IMF emphasizes the need for stronger prioritization and greater efficiency in resource allocation.

• It lso stresses the importance of building financial buffers to withstand economic shocks.

The International Monetary Fund (IMF) has advised the Federal Government to spend judiciously during this period of heightened spending.

According to Davide Furceri, Division Chief in the Fiscal Affairs Department of the IMF, “spending must be done wisely, which means stronger prioritisation and greater efficiency in resource allocation.”

Furceri made this statement at the 2025 IMF/World Bank Spring Meetings in Washington D.C., emphasizing the need for Nigeria to navigate complex trade-offs while maintaining long-term fiscal credibility.

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The Director of the Fiscal Affairs Department at the IMF, Vitor Gaspar, also highlighted the importance of building financial buffers to withstand economic shocks.

“Governments must act decisively, navigating complex trade-offs while maintaining long-term fiscal credibility,” Gaspar noted.

The IMF’s advice comes as Nigeria faces pressing spending needs, and the government is expected to prioritize its expenditures to ensure efficient use of resources.