IMF Urges Targeted Cash Transfers For Nigeria’s Poor
The IMF said temporary transfers can help reduce poverty and improve food security as inflation and living costs stay high.
- On Tuesday, the International Monetary Fund raised Nigeria's 2026 growth forecast to 4.2%, while urging targeted, temporary cash transfers for vulnerable households facing high living costs.
- Deniz Igan, Chief of the IMF Research Department's World Economic Studies Division, highlighted that despite improved macroeconomic stability, Nigerians face severe inflationary pressures and food insecurity.
- Social protection measures must be paired with a credible medium-term fiscal framework, Igan emphasized, focusing on improved public expenditure quality and stronger revenue mobilization.
- Central banks must manage the policy trade-off between curbing inflation and supporting economic activity, Igan noted, ensuring monetary policy remains sufficiently restrictive to return inflation to target.
- The IMF projects Nigeria's growth will reach 4.3% in 2027, with Economic Counselor Silvana Tenreyro noting this outpaces advanced economies like the United Kingdom, Canada and Germany.
14 Articles
14 Articles
Nigeria: Just in - IMF Increases Nigeria's Growth Forecasts to 4.2 Percent, Warns Higher Prices Will Aggravate Poverty, Food Insecurity
"Nigeria is supported by improved macroeconomic stability and favourable terms-of-trade effects, though higher prices for essentials are expected to further aggravate poverty and food insecurity," the IMF said in its report Tuesday.
Food prices will push more Nigerians into poverty despite 4.2% growth – IMF
The International Monetary Fund, IMF, says food prices will push more Nigerians into poverty regardless of 4.2% growth. The IMF made this projection in its 2026 World Economic Outlook titled “Resilience Under Strain, Urgent Choices,” presented on the sidelines of the IMF/World Bank meetings holding in Bangkok, Thailand. According to the financial institution, the projections […] Food prices will push more Nigerians into poverty despite 4.2% grow…
IMF upgrades forecast for Nigeria’s economic growth to 4.2%
"Oil-importing, non-resource-intensive economies are more adversely affected by higher energy and food prices, whereas some larger economies continue to benefit from earlier stabilisation and reform efforts, even though they are largely absent from the AI-driven global technology upswing and face headwinds from declines in official development assistance.
IMF warns poverty risks persist despite Nigeria's economic stability
The IMF has warned that rising prices of essential goods could worsen poverty and food insecurity in Nigeria despite improvements in macroeconomic stabilit Read More: https://punchng.com/imf-warns-poverty-risks-persist-despite-nigerias-economic-stability/
JUST IN: IMF increases Nigeria’s growth forecasts to 4.2%, warns higher prices will aggravate poverty, food insecurity
“Nigeria is supported by improved macroeconomic stability and favourable terms-of-trade effects, though higher prices for essentials are expected to further aggravate poverty and food insecurity,” the IMF said in its report Tuesday.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
