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Tackling food insecurity immediate priority for Nigerian govt – IMF

 

The International Monetary Fund, IMF, has said tackling food insecurity should be the immediate priority for the Nigerian government.

The IMF said this in its End-of-Mission statement issued after the completion of the IMF Staff 2024 Article IV Mission to Nigeria on Tuesday in Abuja.

According to the statement, the new government inherited a difficult economic situation marked by low growth, low revenue collection, accelerating inflation, and external imbalances built up over the years.

“Addressing food insecurity is the immediate priority.

”The recent approval of a well-targeted and effective social protection system is an important step toward addressing food insecurity in Nigeria and implementation will be crucial,” it said.

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