TOUGH TIMES COMING: NIGERIA, other African Nations will suffer pain of Rising Food, Higher Fuel Prices over ongoing Russia/Ukraine War-International Monetary Fund …Crisis will undo gains of Africa s post COVID-19 economic recovery * Africa is vulnerable to impact from the Ukraine war through four main channels: increased food prices, higher fuel prices, lower tourism revenues, and potentially more difficulty accessing international capital markets * IMF has stand-by Fund to help African countries address the repercussions of the war, help design, implement reforms through our policy advice, capacity development, and lending * The Ukraine war and the unprecedented sanctions imposed on Russia are having far-reaching consequences They come at a delicate time for Africa -Kristalina Georgieva- IMF managing director *BY GEORGE ELIJAH OTUMU/AMERICAN Senior Investigative Editor & TINA ALOCHUKWU/Financial Editor, West Africa
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