Nigeria Poverty to Rise Despite 4.2% Growth

Nigeria Poverty to Rise Despite 4.2% Growth

The IMF lifted Nigeria's 2026 growth forecast to 4.2% but expects poverty to rise as food and energy cost more. Here is the cash-transfer fix it urges.

IMF Warns Rising Essential Goods Prices Could Worsen Poverty in Nigeria

By Emmanuella Opara | October 14th 2026 KEY POINTS MAIN STORY The International Monetary Fund (IMF) has warned that rising prices of essential goods could deepen poverty and food insecurity in Nigeria, despite improvements in macroeconomic stability and favourable external trade conditions. The warning was contained in the Fund’s October 2026 World Economic Outlook report, […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

IMF Raises Nigeria's 2026 Growth Forecast To 4.2% On Improved Economic Stability

The International Monetary Fund (IMF) has upgraded Nigeria’s 2026 economic growth forecast to 4.2% from 4.1%, citing improving economic stability and a more favourable outlook for the country. The revised projection, contained in the IMF’s October 2026 World Economic Outlook, represents an increase of 0.1 percentage point from the Fund’s earlier estimate of 4.1%. The […]

IMF Raises Nigeria’s 2026 Growth Forecast to 4.2%, Warns Rising Food and Energy Costs Could Deepen Poverty

The International Monetary Fund has raised Nigeria’s economic growth forecast for 2026 to 4.2%, citing improved macroeconomic stability and favorable terms of trade, but warned that rising food and energy prices could deepen poverty and worsen food insecurity despite the economy’s continued expansion. The revised projection, published in the IMF’s 2026 World Economic Outlook, represents […]