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IMF say as prices of goods dey go up, poverty, food wahala go increase for Nigeria
Di International Monetary Fund (IMF) still project say Nigeria economy go grow by 4.1 percent for 2026, but dem warn say as prices of important goods dey rise.
IMF say as prices of goods dey go up, poverty, food wahala go increase for Nigeria
IMF say prices na big factor / Reuters

Di International Monetary Fund (IMF) still project say Nigeria economy go grow by 4.1 percent for 2026, but dem warn say as prices of important goods dey rise, e go make poverty and food insecurity worse.

For dia July 2026 World Economic Outlook (WEO) Update wey dem release on Wednesday, IMF say Nigeria gross domestic product (GDP) go increase by 4.1 percent dis year and go reach 4.3 percent for 2027 — same as di one dem talk for April.

Di Bretton Woods institution still maintain say sub-Saharan Africa growth go be 4.3 percent for 2026 and 4.5 percent for 2027.

“Nigeria dey benefit from better macroeconomic stability and favorable terms-of-trade effects, but as prices of essential things dey rise, e go make poverty and food insecurity worse,” IMF talk.

“Growth for sub-Saharan Africa go still dey around 4.3 percent for 2026, but dis one no mean say e go be same for evri country, because different places get different policy space, how dem dey implement reforms, and how outside wahala dey affect dem.”

“Di countries wey dey import oil and wey no get plenty natural resources dey suffer more from high energy and food prices, while some bigger countries still dey benefit from earlier reforms wey dem do, even though dem no dey part of di AI-driven global technology boom and dem dey face problems from reduction for official development assistance.”