Nigeria, April 17 -- After posting its fastest expansion in a decade last year, the IMF reported in its latest Regional Economic Outlook that the region entered 2026 with strong momentum. That progress is under threat right now, though, from repeated global crises, rising commodity prices, and tighter financial conditions.



The Fund says that a major rise in global food prices could significantly worsen food insecurity across Africa. Higher prices for shipping, fertilizer, and fuel are already driving food prices, it pointed out, and are also endangering agricultural output in many nations.



The News Chronicle understands that low-income and oil-importing countries already spend a large share of their income on food; therefore, the...