The International Monetary Fund (IMF) has revealed that the Nigerian Federal Government has not fully accounted for approximately N8.8 trillion in public spending within recent national budgets. This unrecorded expenditure represents about two percent of Nigeria’s Gross Domestic Product (GDP). The omission creates a significant discrepancy between officially reported fiscal deficits and the country’s actual financial requirements. This lack of transparency raises concerns about the accuracy of Nigeria’s fiscal reporting and its ability to effectively manage its finances. The IMF’s report suggests a need for improved budgetary processes and greater accountability in public spending. The undisclosed spending may impact assessments of Nigeria’s economic stability and debt sustainability. Further details are expected to be released by the IMF regarding this substantial budgetary shortfall.