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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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Economics

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

The IMF’s October outlook raises Nigeria’s 2026 growth forecast to 4.2% from 4.1% and keeps 2027 at 4.3%. It warns that higher prices for essentials will aggravate poverty and food insecurity and urges targeted, temporary income support.