The International Monetary Fund has urged Nigeria to implement targeted cash transfers to vulnerable households to alleviate the impact of rising food and energy prices and persistent poverty, as highlighted by Deniz Igan during the World Economic Outlook presentation.
The International Monetary Fund has recognized the suffering of Nigerians due to rising living costs and recommended targeted cash transfers and temporary income support for vulnerable households. This comes amid projections of improved economic growth for Nigeria.
The International Monetary Fund reported that despite Nigeria's economic growth, poverty remains high. It urged the government to provide targeted support to vulnerable households amid rising food and energy prices, while also upgrading Nigeria's economic growth projection for 20
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