Poverty Level Hits 63% Despite Nigeria’s Economic Reforms – IMF

The International Monetary Fund (IMF) has disclosed that despite major economic reforms undertaken by the Nigerian government over the last three years, poverty and food insecurity have worsened significantly across the country, with 63 per cent of Nigerians now living below the national poverty line.
The IMF, in its 2026 Article IV Consultation Report on Nigeria released on Tuesday, said an estimated 27 million Nigerians faced food insecurity in the latter part of 2025, even as the country recorded stronger macroeconomic indicators, improved foreign reserves and renewed investor confidence.
According to the Fund, reforms including fuel subsidy removal, exchange rate liberalisation, t...