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FG Denies IMF-Based ₦8.83tn Off-Budget Spending Claim as Atiku, Obi Demand Probe

The Federal Government has dismissed claims that it spent about two per cent of Nigeria’s Gross Domestic Product (GDP)—estimated at more than ₦8.8 trillion—outside the approved budget, describing the reports as a misrepresentation of comments made by the International Monetary Fund (IMF) Resident Representative in Nigeria and the organisation’s 2026 Article IV Consultation Report. The […]

NLC Accuses IMF of Fueling Hardship with Austerity Advice

  The Nigeria Labour Congress (NLC) has criticised the International Monetary Fund (IMF) for denying its role in advising the Nigerian government to remove subsidies on petrol. The removal, implemented by President Bola Tinubu in May 2023, led to a dramatic increase in the price of Premium Motor Spirit (PMS), rising from N175 per litre […]

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