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The World Bank has said Nigeria’s ongoing economic reforms under President Bola Tinubu’s administration have begun to yield positive macroeconomic results, but warned that these gains have not yet translated into improved living conditions for most citizens .

The position was contained in its latest Nigeria Development Update (NDU) report released on Wednesday in Abuja, titled “From Policy to People: Bringing the Reform Gains Home.” The report assessed the country’s economic performance and outlined key policy priorities to ensure that ongoing reforms lead to inclusive and sustainable growth.

According to the World Bank, Nigeria’s economy expanded by 3.9 per cent year-on-year in the first half of 2025, compared to 3.5 per cent during the same period in 2024. Growth, it said, was driven by stronger performance in services and non-oil industries, as well as improvements in oil production and agriculture.

The report also noted that Nigeria’s external position had strengthened, with foreign reserves exceeding $42 billion and the current account surplus rising to 6.1 per cent of Gross Domestic Product (GDP). Fiscal indicators were also said to have improved, as the federal deficit remained broadly unchanged at 2.6 per cent of GDP despite lower oil prices, while public debt was projected to decline from 42.9 to 39.8 per cent of GDP—the first drop in over a decade.

However, the Bank cautioned that macroeconomic stability had not yet translated into tangible relief for households, as food inflation and poverty levels remained high. It noted that many poor households continued to struggle, with the cost of a basic food basket increasing fivefold between 2019 and 2024.

“The Nigerian government has taken bold steps to stabilise the economy, and these efforts are beginning to yield results,” said Mathew Verghis, World Bank Country Director for Nigeria. “But macroeconomic stability alone is not enough. The true measure of success will be how these reforms improve the daily lives of Nigerians—especially the poor and vulnerable.”

The report identified three urgent priorities for Nigeria: tackling food inflation by removing trade barriers and addressing structural bottlenecks in agriculture and logistics; improving the efficiency and transparency of public spending; and expanding social protection systems through regular, domestically financed cash transfers and safety nets for vulnerable households.

Samer Matta, the Bank’s Senior Economist for Nigeria, added that while the economic outlook remained cautiously optimistic—with growth projected to rise from 4.2 per cent in 2025 to 4.4 per cent in 2027—inflation would continue to pose a major challenge.

“[b]Food inflation remains the biggest tax on the poor,” Matta said, emphasising the need for continued monetary discipline and sustained structural reforms to ensure the benefits of economic recovery reach ordinary Nigerians]/b].

fuckingAyaya:
What's the essence of it yielding results without being felt by the common man while the politicians feed fat on in

fuckingAyaya:
What's the essence of it yielding results without being felt by the common man while the politicians feed fat on in

KennethOkonkwo:
There is difference,your knowledge of basic SSCE economy is just poor.

There is a difference between MICROECONOMICS and MACROECONOMICS

CoronaVirusPro:
Tinubu is quite aware of that and why he is seeking the patience of Nigerians.The dividends of his investments and restructuring will start manifesting with time.

ClearFlair:
So which of them states that citizens should be hungry?

ClearFlair:
APC reforming APC's mess after describing the mess as perfection. Nawa o

KennethOkonkwo:
There is a difference,your knowledge of basic SSCE economics is just poor.

There is a difference between MICROECONOMICS and MACROECONOMICS

All macroeconomics indices gave been excellently improving.

KennethOkonkwo:
There is difference,your knowledge of basic SSCE economy is just poor.

There is a difference between MICROECONOMICS and MACROECONOMICS

fuckingAyaya:
What's the essence of it yielding results without being felt by the common man while the politicians feed fat on in

CoronaVirusPro:
His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) is quite aware of that and why he is seeking the patience of Nigerians.

The dividends of his investments and restructuring will start manifesting with time.

If you ever want to find a reason to confirm if His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) is on the track, always remember that, the USA does not sell propaganda about a leader who is not track.

lexy2014:
since your knowledge of basic ssce is expert level, am surprised you could not answer his question.

did he ask about the difference between microeconomics and macroeconomics or he asked?

Maxymilliano:
https://guardian.ng/news/tinubus-reforms-yielding-results-but-gains-not-felt-by-nigerians-world-bank/?fbclid=Iwb21leANTXKhjbGNrA1NcnWV4dG4DYWVtAjExAAEeWvNhUP5B1YdB6BmQMr3DrvvCvWV_WmVgz0Yk5xK4IlxkO3rL3uOz_fyaB7Q_aem_aAELO7irJayKPhRn4BlLGQ

TyroneP:
Growth is gradual.. I wanna believe there's a yardstick for measuring that...hope it'll manifest with time.

KennethOkonkwo:
There is a difference,your knowledge of basic SSCE economics is just poor.

There is a difference between MICROECONOMICS and MACROECONOMICS

All macroeconomics indices have been excellently improving...and at the microeconomics level,food pricesis actually crashing,politics apart,but we haven't gotten their yet.The government need to do more

yemmight:
World Bank get two faces. What are they really saying?

fuckingAyaya:
What's the essence of it yielding results without being felt by the common man while the politicians feed fat on in