By Ene Rebecca
July 9, 2026
The International Monetary Fund (IMF) has warned that rising prices of food and other essential goods could push more Nigerians into poverty, even as the country records improvements in some economic indicators.
The warning comes amid continued concerns over the cost of living in Nigeria, where households have faced increasing pressure from higher prices for basic commodities and services.
Despite these challenges, the IMF projected that Nigeria’s economy would grow by approximately 4.1 per cent in 2026, indicating confidence in the country’s broader economic performance over the coming year.
The Fund’s outlook suggests that while macroeconomic indicators may show signs of improvement, the benefits of economic growth may not be immediately felt by many citizens if inflationary pressures on essential goods persist.
The IMF’s assessment highlights the contrast between national economic growth projections and the realities faced by many households, particularly low-income earners who are disproportionately affected by rising living costs.
Analysts and policymakers are expected to continue monitoring inflation trends and their impact on living standards as Nigeria pursues measures aimed at sustaining growth while addressing affordability concerns for citizens.
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