BREAKING: “I Have The IMF Report In Front Of Me, I Do Not Know Where IMF Representative Got 2% Of GDP – Fasua

During an appearance on Channels Television on Sunday, July 5th 2026, Special Adviser to the President on Economic Affairs, Dr. Tope Fasua, has dismissed claims that the International Monetary Fund’s Article IV Consultation Report identified government spending equivalent to two per cent of Nigeria’s Gross Domestic Product outside the official budget framework.

Speaking during an interview on Channels Television’s Sunday Politics, Fasua said he had carefully reviewed the IMF report and could not find any reference to the figure that has generated public debate.Favor And Life Battles? (Silent spiritual powers of favor). Favor gives you upper hand quietly, in your life battles, business, career, any occupation, power for desired position in life, upliftment in undertakings, patronage/contract, promise and fail, payment delays, love matters, marriage choice, seized/disputed properties, etc. Overcome delays, rejection, betrayal and achieve heart desires in time. For spiritual consultation, guidance, other matters, call/ Whatsapp Dr. J.A. Faros on 07030514063. With God all are possible.

“I have the IMF report in front of me. As I said earlier, I do not know where the IMF representative got the 2% of GDP figure from,” he said.

According to him, the Minister of Finance has already sought clarification from the IMF over the claim.

“The Minister of Finance has already requested clarification. I cannot find that item in the official IMF Article IV report,” Fasua stated.

He explained that the report primarily focused on broader macroeconomic issues rather than allegations of unaccounted government spending.

“The report mainly discusses inflation, debt, ways and means financing, public and private sector issues, and international reserves. There is no reference to the alleged 2% figure,” he said.

Fasua noted that if any discrepancies existed, they could have resulted from different interpretations of government financial transactions rather than evidence of a hidden budget.

“Even if there were concerns, the Minister of Finance has explained that the IMF may have confused statutory deductions, agency collections, defence interventions or statutory transfers,” he said.

The presidential adviser maintained that the Federal Government’s budget implementation complies with existing legal and constitutional provisions.

“Nigeria’s budget is being implemented according to the law,” Fasua said.

He also challenged critics alleging that the government understated its fiscal deficit to provide evidence of how such spending was financed.

“If anyone claims we understated the deficit, then they must explain where the financing came from,” he added.