Can an economy be stable if the people living in it don't feel secure?
That question sits at the heart of the IMF's 2026 Article IV Consultation on Nigeria. The report commends the country's recent economic reforms, from exchange rate liberalisation to banking reforms, yet it also warns of persistent poverty, food insecurity and rising pressure on households.
In this episode of the Flywheel Economics Podcast, we explore the paradox of an economy that appears stronger on paper while many Nigerians continue to struggle in practice. From fiscal policy and bank recapitalisation to stablecoins and economic sovereignty, we unpack what the IMF's latest assessment really tells us about Nigeria's economic future.
If you've read the headlines, this conversation goes one step further, asking not just whether the reforms are working, but who they're working for.
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