Poverty risks persist despite Nigeria’s economic stability – IMF

The International Monetary Fund (IMF) has cautioned that despite Nigeria's improvements in macroeconomic stability and favourable external trade conditions, rising prices of essential goods could exacerbate poverty and food insecurity in the country. In its October 2026 World Economic Outlook report, the IMF highlighted that while Nigeria benefits from improved economic indicators, the growing disconnect between these improvements and the living conditions of vulnerable households remains a concern.

The assessment suggests that while Nigeria's recent economic stabilisation efforts have strengthened its economic outlook, they have yet to eliminate the pressures faced by households, particularly those struggling with the rising cost of food and other basic necessities.

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