The International Monetary Fund (IMF) on Wednesday said for Nigeria to sustain economic reform momentum and safeguard fiscal stability, the federal government must fully recover fuel subsidy savings currently withheld by the Nigerian National Petroleum Company Limited (NNPCL).
In its 2025 Article IV consultation report released on Wednesday, the IMF emphasised that securing these funds—estimated at N700 billion per month, or around two percent of GDP annually—is essential for maintaining a neutral fiscal stance and financing critical development spending.
“Ensuring that the fuel subsidy savings accrue to the government would yield the proposed neutral stance—the full-year savings are estimated at 2 percent of GDP,” the IMF stated.