Nigeria Achieves 85% Capital Expenditure Execution in 2024, IMF Cautions on Economic Reforms

The Nigerian Finance Minister, Wale Edun, announced that the Federal Government achieved 85% capital expenditure execution in the 2024 fiscal year, highlighting stronger public financial management. At the Nigeria Economic Summit Group (NESG) 2026 outlook launch in Lagos, the need for Nigeria to enhance its competitiveness globally was stressed.

The IMF warned against reversing recent economic reforms, emphasizing the importance of sustaining macroeconomic gains. Dr.

Christian Ebek and Dr. Muhammad Abdullahi highlighted the progress in fiscal and monetary policies, including the recapitalization program of the Central Bank of Nigeria to support the country's economic growth.