The International Monetary Fund (IMF) has raised concerns over unreported government spending in Nigeria, saying expenditure equivalent to about two percent of the country’s Gross Domestic Product (GDP) was not captured in recent official budgets and implementation reports. IMF Resident Representative in Nigeria, Christian Ebeke, disclosed this on Wednesday, while speaking to business executives in Lagos. He said the omission had created a gap between Nigeria’s reported fiscal deficit and its actual financing needs. According to him, the discrepancy means the country’s deficit appears smaller on paper than the level…
Read MoreIMF raises alarm over Nigeria’s unrecorded public expenditure
