Nigeria Battles Economic Crisis as IMF Urges Faster Reforms

• Nigeria facing economic crisis - high inflation, weak growth, business shutdowns • IMF says stalled per-capita growth, poverty, food insecurity worsening cost-of-living crisis • Low government revenue hindering services and investment • IMF lauds new administration's reforms - fuel subsidy removal, exchange rate changes • Nigeria's high debt servicing costs threaten future borrowing and credit rating