Its levels poverty and her eating insecurity to Nigeria remain high two years after launching reforms by the President’s government Bola Ahmed Tinubustressed yesterday Friday International Monetary Fund (IMF).

The government has taken “significant measures to stabilize the economy and support growth”, but “the results have not yet been noticeable to all the Nigerians, with high levels of poverty and nutritional insecurity,” Axel Simelpfeening, head of NIF, said in a statement.

These comments were made after two weeks of climate talks of the international financial institution and agents of the so -called civil society in Nigeria, the most populous country of Africa.

“The prospects are affected by significant uncertainty,” he said, against the backdrop of the increasingly difficult global economic environment and oil prices in a fall, which is not expected to remain the country with the highest slow production in Africa.

The reforms of the Nigerian president, however, meant that the economy is in a “better position to deal with the external environment,” Mr Simelpfening said.

After taking power in May 2023, President Tinubu began to implement structural reforms, such as ending fuel subsidy and currency liberalization, to attract foreign investment.

But the immediate consequences were the increase in inflation, which broke the 30% barrier in 2024, and the collapse of Naira, the Nigerian currency, as the country experienced the worst economic crisis of three decades.

In October 2024, the World Bank estimated that half and more of Nigeria’s population – or in other words, 129 million people – has now slipped below the poverty line.