IMF warns poverty risks persist despite Nigeria’s economic stability

The International Monetary Fund (IMF) has expressed concerns over the potential worsening of poverty and food insecurity in Nigeria despite improvements in the country's macroeconomic stability and favorable external trade conditions. In its October 2026 World Economic Outlook report, the IMF highlighted the growing disconnect between economic indicators and the living conditions of vulnerable households.

While Nigeria's recent economic stabilisation efforts have strengthened its outlook, the rising cost of essential goods is expected to further exacerbate poverty and food insecurity. The IMF noted that Nigeria's favorable terms-of-trade position provides some support to economic activity, but the growing pressure on household welfare due to increasing commodity prices remains a significant challenge.

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