Nigeria Rules Out IMF Bailout, Credits Domestic Reforms for Stability

The Finance Minister says Nigeria has no plans to seek IMF assistance at this time. He highlighted that two years of market-based reforms have restored policy credibility and built buffers against global shocks. Nigeria has avoided administrative price controls in foreign exchange and fuel markets, the minister explained. He urged faster, coordinated support for other African nations that remain highly exposed despite a proposed $50 billion global package.

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