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

The International Monetary Fund (IMF) has reported that the level of poverty in Nigeria has reached 63 percent, indicating a significant increase in the number of citizens living below the national poverty line. This alarming statistic comes despite the implementation of major economic reforms by the Nigerian government over the past three years. The IMF's findings, detailed in its 2026 Article IV Consultation Report, highlight a worsening situation regarding poverty and food insecurity throughout the nation.

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