{
  "id": 7936759,
  "title": "Oye: Nigeria’s Macroeconomic Stability Not Trickling Down to Poor",
  "url": "https://urgent.news/2026/09/17/oye-nigerias-macroeconomic-stability-not-trickling-down-to-poor",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T03:08:34.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/17/oye-nigerias-macroeconomic-stability-not-trickling-down-to-poor/"
  },
  "original_language": "en",
  "account": "Former NACCIMA president Dele Oye has argued that Nigeria's improving macroeconomic indicators have not led to better living conditions for millions of citizens. He warned that rising poverty and food prices could undermine economic gains. While Nigeria recorded growth and rising oil production, the benefits were not equally distributed. Oye pointed to the national inflation rate of 15.39% but highlighted significant food inflation in states like Adamawa, which stood at 51% in July. He emphasized the need for inclusive growth by focusing on cheaper credit, higher employment, and lower food prices. Oye criticized the lack of coordination between federal and sub-national governments, stating that some projects were not improving livelihoods. He suggested using resources for affordable credit to stimulate employment and deepen the impact of macroeconomic stability. Oye urged a \"food-first\" approach, calling for lower lending rates and addressing factors like insecurity and poor transportation that prevent growth from reaching households. He also criticized the government's borrowing programme and called for greater local government autonomy to ensure funds are used for their intended purposes. Oye concluded that Nigerians would judge the economy by their purchasing power and living conditions, not just GDP figures.",
  "summary": "• Says 30% interest rate cannot grow GDP •Urges FG to prioritise food security, single-digit lending •Tasks EFCC to cite law criminalising dollar-denominated legal fees Emmanuel Addeh in Abuja The",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}