FG denies spending N8tn outside budget, says claims misrepresent IMF report

AI Summary

The Federal Government of Nigeria denies allegations of spending N8 trillion outside the approved budget, stating that the claims misrepresent the International Monetary Fund's 2026 Article IV Consultation Report. Officials emphasized that about two percent of Nigeria's GDP was not spent outside budget parameters.

By Innocent Anaba The Federal Government has dismissed claims that it spent over N8 trillion outside the approved budget, describing the allegation as false and a misrepresentation of the 2026 Article IV Consultation Report by the International Monetary Fund, IMF. The government said reports suggesting that about two per cent of Nigeria’s Gross Domestic Product, […] The post FG denies spending N8tn outside budget, says claims misrepresent IMF report appeared first on Vanguard News.