The gains have yet to benefit all Nigerians, as poverty and food insecurity remain high
The International Monetary Fund (IMF) has acknowledged Nigeria’s bold economic reforms but stated they have not yet improved living conditions for ordinary citizens. In a statement on Friday, IMF Mission Chief Axel Schimmelpfennig noted that while the Tinubu administration’s policies stabilized the economy, poverty and food insecurity remain acute. The assessment followed two weeks of consultations with Nigerian officials and civil society groups.
“The gains have yet to benefit all Nigerians,” Schimmelpfennig said, highlighting persistent hardship despite government efforts. He warned of “significant uncertainty” ahead due to global volatility and declining oil prices.