Nigeria's Economic Reforms Yielding Gains, but Poverty Levels Remain High

Nigeria's Economic Reforms Yielding Gains, but Poverty Levels Remain High

"Strong reforms over the past three years have yielded improved macroeconomic outcomes and built resilience. Still, conditions for many Nigerians remain difficult," the IMF noted.

Nigeria’s economic reforms working, but poverty increasing – IMF

The International Monetary Fund said Tuesday that reforms implemented by the Nigerian government had strengthened the country’s economy, but warned that more than 60 percent of Nigerians now live in poverty. Since taking office just over three years ago, President Bola Tinubu has removed a costly fuel subsidy that had kept petrol prices artificially low for decades, liberalised the exchange rate for its currency and overhauled the country’s tax …

IMF Warns of Rising Poverty Despite Economic Gains Under Tinubu Reforms

By Lizzy Chirkpi The International Monetary Fund (IMF) has commended the economic reforms implemented by President Bola Tinubu’s administration, saying they have strengthened Nigeria’s macroeconomic outlook and enhanced resilience to external shocks. However, the Fund warned that rising poverty and food insecurity remain major challenges confronting millions of Nigerians. The assessment is contained in the IMF’s 2026 Article IV Consultation Repo…

IMF Backs Nigeria’s Reform Drive Despite Hardship

The International Monetary Fund (IMF) says Nigeria economic reforms are strengthening the economy, although many citizens continue to face severe financial challenges. Following its Article IV consultation, the IMF said reforms introduced over the past three years have improved macroeconomic stability, increased resilience to external shocks and boosted investor confidence. However, the organisation stressed that the benefits of Nigeria economic…

IMF says poverty hits 63% in Nigeria despite reform gains

The Government is taking steps to strengthen fiscal data integrity, improve coordination among institutions