{"id":168145,"date":"2025-07-03T09:05:29","date_gmt":"2025-07-03T08:05:29","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/imf-advises-nigeria-to-review-2025-budget-reasons-given"},"modified":"2025-07-03T10:05:57","modified_gmt":"2025-07-03T09:05:57","slug":"imf-advises-nigeria-to-review-2025-budget-reasons-given","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given","title":{"rendered":"IMF Advises Nigeria to Review 2025 Budget Reasons Given"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The International Monetary Fund has advised the Nigerian government to review its 2025 budget to reflect lower-than-expected global oil prices.<\/p>\n

The IMF disclosed this in its Article IV Consultation Report on Nigeria, released in Washington, DC, USA, on Wednesday.<\/p>\n

This comes as the Fund on Wednesday raised Nigeria\u2019s growth rate projection to 3.4 percent from 3.2 percent on the back of higher oil output, which stood at 1.745 million barrels of crude oil per day (bpd), according to Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, and a falling inflation rate at 22.97 percent in May.<\/p>\n

However, the IMF stressed that Nigeria\u2019s \u201c2025 budget needs to be recalibrated to lower oil prices\u201d to reflect market realities.<\/p>\n

IMF advice comes as the country\u2019s N54.99 trillion 2025 budget was benchmarked at a $75 per day crude oil price.<\/p>\n

Meanwhile, Brent and West Texas Intermediate futures stood around $68.68 and $67.04 as of Wednesday morning.<\/p>\n

The only time crude oil prices had reached $75 per barrel was at the peak of the conflict between Israel and Iran around mid-June, 2025.<\/p>\n

For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The International Monetary Fund has advised the Nigerian government to review its 2025 budget to reflect lower-than-expected global oil prices. The IMF disclosed this in its Article IV Consultation Report on Nigeria, released in Washington, DC, USA, on Wednesday. This comes as the Fund on Wednesday raised Nigeria\u2019s growth rate projection to […]<\/p>\n","protected":false},"author":84,"featured_media":168144,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[14055,566,254,227],"class_list":["post-168145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-2025-budget","tag-imf","tag-nigeria","tag-nigerian-govt"],"yoast_head":"\nIMF Advises Nigeria to Review 2025 Budget Reasons Given - Nigeria<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund has advised the Nigerian government to review its 2025 budget to reflect lower-than-expe ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF Advises Nigeria to Review 2025 Budget Reasons Given\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund has advised the Nigerian government to review its 2025 budget to reflect lower-than-expe ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-03T08:05:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-03T09:05:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/07\/sm_1751521044.712606.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF Advises Nigeria to Review 2025 Budget Reasons Given\",\"datePublished\":\"2025-07-03T08:05:29+00:00\",\"dateModified\":\"2025-07-03T09:05:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given\"},\"wordCount\":188,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/07\/sm_1751521044.712606.jpg\",\"keywords\":[\"2025 budget\",\"IMF\",\"Nigeria\",\"Nigerian Govt\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/imf-advises-nigeria-to-review-2025-budget-reasons-given\",\"name\":\"IMF Advises Nigeria to Review 2025 Budget Reasons Given - 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