Six months ago, an article titled “Why Nigeria’s bold budget projections could backfire” was published by BusinessDay. It flagged a widening gap between fiscal optimism and economic fundamentals. That gap is now harder to ignore.
Nigeria’s Medium-Term Expenditure Framework (MTEF) for 2025–2027 rests on two key assumptions: a crude oil benchmark of $75 per barrel and an exchange rate of ₦1,400 to the dollar. While these targets project confidence, analysts warn they sit on shaky ground.
Independent projections from BusinessDay economists b
