The International Monetary Fund (IMF) and the World Food Programme (WFP) have raised fresh concerns over Nigeria’s worsening humanitarian and economic situation, warning that soaring prices of essential goods, insecurity and funding shortages could drive millions more Nigerians into poverty and hunger. In its July 2026 World Economic Outlook Update, the IMF said that although Nigeria’s economy is benefiting from improved macroeconomic stability and favourable terms of trade, the rising cost of essential commodities is expected to worsen poverty and food insecurity. The Fund maintained its growth forecast for Nigeria…
Read More‘Rising food prices, insecurity to push millions of Nigerians deeper into poverty’ – IMF, WFP warns
