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Economics

IMF Raises Nigeria’s Growth Forecast to 4.2% but Warns Higher Prices Will Deepen Poverty and Hunger

The Fund credits macroeconomic stability and oil-export gains for the upgrade. An IMF economist said Nigerians are “suffering, especially when it comes to food security,” and urged targeted cash support.

By
Bola Ahmed Tinubu
Bola Ahmed Tinubu, President of Nigeria, photographed May 29, 2023, the day of his inauguration. (File photo)Nosa Asemota / Wikimedia Commons (CC BY-SA 4.0)

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