Washington, March 28, 2025 – The International Monetary Fund (IMF) has advised the federal government to give priority to cash transfers to vulnerable population in its economic stabilisation policies.
Julie Kozack, the IMF Director of Communications, gave the advice on Thursday during a press conference at the IMF headquarters in Washington, DC.
She stressed the importance of prioritising support for vulnerable households, while acknowledged the challenges facing many Nigerians.
“The authorities’ policies to stabilise the economy and promote growth are welcomed, however, they must be accompanied by targeted social transfers to support the most vulnerable populations.
“We recognise the extremely difficult situation that many Nigerians face,” she said.
The IMF official said the rollout of cash transfers to vulnerable households and improving domestic revenue mobilisation should be key priorities for Nigeria.
Kozack also announced that IMF staff would visit Nigeria next week to prepare for the 2025 Article IV Consultation.
The IMF will conduct bilateral discussions with official of member countries ahead of the Article IV of the IMF’s Articles of Agreement.
