Rising poverty mutes gains of Nigeria’s economic reforms- IMF

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… urges CBN to maintain tight monetary stance amid global headwinds


Rising poverty in Africa’s most populous nation is casting a shadow on the radical reforms embarked upon by President Bola Tinubu almost two years ago, according to the International Monetary Fund (IMF).


The Washington-based Fund said in a statement on Friday following its visit to the country led by Axel Schimmelpfennig, IMF mission chief for Nigeria, to hold discussions for the 2025 Article IV Consultations with the authorities.

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