Executive Summary
The IMF's April 2026 Regional Economic Outlook for sub-Saharan Africa warns of worsening food insecurity due to rising global food prices and inflation, straining household incomes and potentially pushing over 20 million people into hunger. Despite strong economic momentum in 2025, the region faces renewed pressure on living standards, with higher food costs eroding purchasing power, especially among low-income households. The IMF also cut Nigeria's economic growth forecast for 2026 to 4.1 per cent, citing global and domestic pressures. A 20 per cent increase in international food prices could severely impact the region, exacerbating poverty and food insecurity. The IMF advises governments to prioritize targeted support for vulnerable populations and stabilize inflation to protect food security.
- Rising food prices threaten to push over 20 million Africans into hunger, requiring targeted support and inflation stabilization.
What Is Driving The Story?
- Rising global food prices
- Inflation straining incomes