The International Monetary Fund (IMF) has urged Nigeria to adopt a comprehensive, transparent, and inclusive approach to energy subsidy reforms as the country grapples with rising debt levels and mounting public discontent.
Speaking at the launch of the IMF’s April 2025 Fiscal Monitor, officials acknowledged that energy subsidies remain a fiscal burden for many developing economies, including Nigeria.
While reforms are necessary to free up public resources, they stressed that such reforms must be designed to protect the most vulnerable and maintain energy access for low-income households and small businesses.