Food prices will push more Nigerians into poverty despite 4.2% growth – IMF

The International Monetary Fund, IMF, says nutrient prices volition propulsion much Nigerians into poorness careless of 4.2% growth.

The IMF made this projection successful its 2026 World Economic Outlook titled “Resilience Under Strain, Urgent Choices,” presented connected the sidelines of the IMF/World Bank meetings holding successful Bangkok, Thailand.

According to the fiscal institution, the projections are a reflection of the nation’s macroeconomic stability, adjacent arsenic it warned that sky-high prices are expected to propulsion much Nigerians into poverty.

Nigeria has rolled retired a fig of reforms which the authorities says are aimed astatine fixing the structural problems successful the economy, adjacent though the effect has been dense connected galore Nigerians struggling with the cost-of-living crisis.

The authorities carried retired reforms successful the overseas speech marketplace and besides scrapped what it described arsenic a wasteful and corruption-ridden sub...