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Nigeria’s poverty rate increases to 63%- IMF

Maureen Ikpeama2 months ago2 months ago143 mins

International Monetary Fund (IMF) has disclosed that poverty in Nigeria has risen to 63 per cent, with millions of citizens struggling to cope with the economic impact of President Bola Tinubu’s reformed .The IMF in a statement made available on the annual review of the Nigerian economy, acknowledged that the government’s economic reforms over the…

IMF lauds Nigeria’s Consumer Price Index rebasing as inflation eases to 15.15%

Maureen Ikpeama7 months ago7 months ago04 mins

International Monetary Fund (IMF) has endorsed Nigeria’s December 2025 inflation outcome and the revised inflation methodology adopted by the National Bureau of Statistics (NBS), describing the changes as consistent with international best practice and supportive of macroeconomic stability. In a statement issued on Thursday by the Office Manager to the IMF Resident Representative for Nigeria, Laraba Bonet. on behalf of the…