Under Tinubu, Nigeria’s Economy Tumbles To Fourth Place in Africa – IMF

Nigeria, once hailed as Africa’s economic powerhouse, has tumbled from its top spot to fourth place in the continent’s economic ranking, according to forecasts from the International Monetary Fund (IMF). Under the leadership of Chief Bola Tinubu, who assumed office as the country’s chief in May 2023, significant policy reforms have been announced to address

Nigeria facing worsening economic crisis, says IMF

The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. The report came amid rising inflation, exchange crisis, weak economic growth and business shutdowns. The global lender said this in a new report titled ‘IMF Executive Board Concludes Post Financing Assessment with Nigeria.’