FG denies operating shadow budgets, spending N8tr outside fiscal plan
Nigeria's Minister of Finance, Taiwo Oyedele, has formally denied allegations by the IMF that the government is operating 'shadow budgets' or spending ₦8 trillion outside of official fiscal plans. The government maintains that all expenditures are constitutional and authorized by the National Assembly.
Why it matters
This dispute highlights tensions between international financial institutions and national governments regarding fiscal transparency and economic management.
The Federal Government has denied operating shadow budgets and the International Monetary Funds (IMF)’s claims alleging that approximately two percent of Gross Domestic Product (GDP) amounting to over ₦8 trillion was spent outside the fiscal plan.
The article presents the government's rebuttal to the IMF's claims, maintaining a neutral reporting stance.
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