IMF Says Food Security is Challenging Nigeria’s Economic Growth

The International Monetary Fund, IMF, has said that rising food insecurity and poverty have remained a challenge to Nigeria’s economic growth rate.

This is contained in its World Economic Outlook report released recently.

According to the report, low vaccination rates and high debt service are some of the downsides to economic recovery in Nigeria.

The fund emphasized the need for major reforms in the fiscal, exchange rate, trade, and governance areas to lift long-term inclusive growth.