₦airaland Forum

The World Bank has increased its projection for Nigeria’s economic growth rate for 2026 to 4.4 percent from the 3.7 percent forecasted in June 2025.

World Bank announced the increase in its 2026 ‘Global Economic Prospects’ report on Tuesday.

The global financial institution also upgraded Nigeria’s economic growth rate for 2027 to 4.4 percent from 3.8 percent.

In addition, Bretton Woods institution estimated that Nigeria’s economy grew by 4.2 percent in 2025, compared to the 3.6 percent forecasted in June last year.

Also, the World Bank increased its 2026 global economic growth rate projection from 2.4 percent to 2.6 percent.

In the report, the financial institution also estimated 2.7 percent economic growth rate for 2025 period compared to the 2.3 percent forecasted in June last year.

According to the report, the 2027 global economic growth rate is projected at 2.7 percent, compared to the 2.6 percent forecasted in June 2025.

World Bank said the global economy is proving more resilient than anticipated despite persistent trade tensions and policy uncertainty.

However, the bank noted that while global growth remains stable, it is concentrated in advanced economies and is unlikely to reduce extreme poverty, with the 2020s on track to be the weakest decade since the 1960s.

“The resilience reflects better-than-expected growth — especially in the United States, which accounts for about two-thirds of the upward revision to the forecast in 2026,” the World Bank said.

The institution said global growth will slow in 2026 as trade-related boosts fade, but easing financial conditions and fiscal expansion are expected to cushion the impact.

It added that inflation is projected to edge down to 2.6 percent in 2026, with growth picking up in 2027 as trade and policy uncertainty ease.

Indermit Gill, the World Bank Group’s chief economist, said with each passing year, the global economy has become less capable of generating growth while appearing more resilient to policy uncertainty.

“But economic dynamism and resilience cannot diverge for long without fracturing public finance and credit markets,” Gill said.

“Over the coming years, the world economy is set to grow slower than it did in the troubled 1990s — while carrying record levels of public and private debt.

“To avert stagnation and joblessness, governments in emerging and advanced economies must aggressively liberalise private investment and trade, rein in public consumption, and invest in new technologies and education.”

GROWTH IN SUB-SAHARAN AFRICA PROJECTED TO REACH 4.3% BY 2026
The World Bank said sub-Saharan Africa’s growth is expected to rise to 4.3 percent in 2026 and 4.5 percent in 2027.

In 2026, the institution said growth in developing economies is projected to slow to 4 percent from 4.2 percent in 2025 before edging up to 4.1 percent in 2027 as trade tensions ease, commodity prices stabilise, financial conditions improve, and investment flows strengthen.

The bank noted that growth is projected to be higher in low-income countries, averaging 5.6 percent over 2026–2027, supported by stronger domestic demand, recovering exports, and moderating inflation.

The World Bank said developing economies will continue to lag behind advanced economies, with per capita income growth projected at 3 percent in 2026, widening the income gap.

“At this pace, per capita income in developing economies is expected to be only 12% of the level in advanced economies,” the institution said.

Ayhan Kose, the World Bank Group’s director of the Prospects Group, said with public debt in emerging and developing economies at its highest level in more than half a century, restoring fiscal credibility has become urgent.

“Well-designed fiscal rules can help governments stabilise debt, rebuild policy buffers, and respond more effectively to shocks,” Kose said.

“But rules alone are not enough: credibility, enforcement, and political commitment ultimately determine whether fiscal rules deliver stability and growth.”

Kose said more than half of developing economies have adopted fiscal rules, which can improve budget balances by 1.4 percent of GDP after five years and increase the likelihood of sustained improvement.

The director added that the use of fiscal rules also rises by 9 percentage points the likelihood of a multi-year improvement in budget balances.

However, Kose noted that both the short- and long-term benefits of fiscal rules depend on institutional strength, economic context, and the design of the rules.

helinues:
This is positive for the year. We hope it would be achieved.

Slow and steady with consistency

SmartPolician:
We have heard and read this nonsense for the past 60 years, yet the country is still a shit-hole

AMINDA:
"Na statistics we go chop" is now force-feeding us with cooked up statistics.

seunmsg:
Peter Obi and his supporters, oya come and drop hot salty tears as usual

seunmsg:
Peter Obi and his supporters, oya come and drop hot salty tears as usual

anonimi:
Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

helinues:
Hahaha, see them above you crying profusely about this development news.

We will continue to be making their days sad with progress and development news about Nigeria

seunmsg:
Nobody is force feeding you with statistics. World Bank will do their job irrespective of your feelings. They don’t care about your negativity and bad wishes for the country’s economic outlook. They look at the economy and make their rational prediction

anonimi:
The eyesore on Bourdillon Road
2nd January 2025

Beyond his neighbours, there is something about the sight of people hanging around a president’s residence that does not speak well of his leadership capabilities. Maybe no one has nudged him to see it, but the impression that spectacle on Bourdillon Road generates is that Tinubu enjoys the sight of suffering humans and thrives in—and through— their poverty.

If all these years, impoverished people hang around you and you remain comfortable enough to keep them just so they can be handed tokens of your large heart, then it means you have a pro-poverty mindset. Such a frame of mind is oriented toward cultivating poverty rather than stimulating abundance.

That is why he could unproblematically relate the story of his “friend” who went from using five Rolls Royce to a far-less valued car and not consider the import of the nonsense he was saying. That spurious account was an indication that this is a man for whom poverty—of others, not himself—is an ideal.

https://punchng.com/the-eyesore-on-bourdillon-road/

seunmsg:
Nobody is force feeding you with statistics. World Bank will do their job irrespective of your feelings. They don’t care about your negativity and bad wishes for the country’s economic outlook. They look at the economy and make their rational prediction.

All sensible people who require such data to make decisions will accept what World bank is churning out over the negativity that opposition cretins oozes all over social media. So sorry buddy, your tears won’t change the fact that our economy is stable and now growing.

SmartPolician:
We have heard and read this nonsense for the past 60 years, yet the country is still a shit-hole

Brendaniel:
You know one thing I have learnt about Tinubu and his supporters, they hate facing reality, they love wishful thinking and love to live in self deception...

Do you know In 2025 Tinubu and his economic team projected a total estimate of 50 trillion in total revenue expectations for Nigeria in the 2025 budget, as at December 2025 they had only achieved 10 trillion with a gap of 40 trillion, they also had to borrow 14 trillion which has added to Nigeria's debt to help the revenue to achieve some of the budget expenses which means the 2025 budget as I am talking to you has not been implemented up to 50 percent which is why they have planned to keep running it till I think May 2026.


Now you will think oh! that's where it ends but you are wrong, the same thing is happening for the 2024 budget also as I am talking to you, the 2024 budget under Tinubu's government is still running in this 2026 just like the 2025 own, the whole of 2025 passed and they could not round up the one for 2024.


So currently Nigeria is running 3 budgets at the same time(2024, 2025 and 2026), yet around October 2025, Tinubu announced to the world that Nigeria had met the total revenue generation for 2025 which was supposed to be 50 trillion as at August, while the CBN governor Wale Edun maybe out of shame or just trying to correct the erroneous statement said that Nigeria had only met 10 trillion out of the 50 trillion projected and even had to borrow 14 trillion to help the budget.

Tinubu's government is like a student who is in 300 level but has been having so many carry overs from 100 level which might eventually see him having an extra year or years or even dropping out but keeps telling his parents and friends that he has a clean sheet and in fact is the best student in his department, Tinubu is actually running Nigeria slower than every previous government since 1960 with highest debt ever, he has actually broken that record

creativejagaban:
Good news make you purge

Pele, it is a matter of time, one trillion dollars economy is a goal

Continue to look for negative news

I am sure you are seriously angry with the world bank for such a positive news. Once again, Pele We can't help your situation. Jagaban on the throne till 2031. (I know that will make you purge the more ).

Tinubu till 2031.

AMINDA:
"Na statistics we go chop" is now force-feeding us with cooked up statistics.

nedu666:
Growth dat does not create jobs is useless growth. Growth that doesn't lift millions from poverty is useless Growth

Brendaniel:
Like I said in my first paragraph, you just validated my statement...

creativejagaban:
Continue. Good news make you purge like I said.

One trillion dollars economy is a goal.

We will get there.

Continue to search for negative news. It doesn't bother the Jagaban of Africa.

How do you feel that most of the people in ADC (the structure of criminalities) are sponsors of terrorism and banditry

Tinubu till 2032.

Brendaniel:
You know one thing I have learnt about Tinubu and his supporters, they hate facing reality, they love wishful thinking and love to live in self deception...

Do you know In 2025 Tinubu and his economic team projected a total estimate of 50 trillion in total revenue expectations for Nigeria in the 2025 budget, as at December 2025 they had only achieved 10 trillion with a gap of 40 trillion, they also had to borrow 14 trillion which has added to Nigeria's debt to help the revenue to achieve some of the budget expenses which means the 2025 budget as I am talking to you has not been implemented up to 50 percent which is why they have planned to keep running it till I think May 2026.


Now you will think oh! that's where it ends but you are wrong, the same thing is happening for the 2024 budget also as I am talking to you, the 2024 budget under Tinubu's government is still running in this 2026 just like the 2025 own, the whole of 2025 passed and they could not round up the one for 2024.


So currently Nigeria is running 3 budgets at the same time(2024, 2025 and 2026), yet around October 2025, Tinubu announced to the world that Nigeria had met the total revenue generation for 2025 which was supposed to be 50 trillion as at August, while the CBN governor Wale Edun maybe out of shame or just trying to correct the erroneous statement said that Nigeria had only met 10 trillion out of the 50 trillion projected and even had to borrow 14 trillion to help the budget.

Tinubu's government is like a student who is in 300 level but has been having so many carry overs from 100 level which might eventually see him having an extra year or years or even dropping out but keeps telling his parents and friends that he has a clean sheet and in fact is the best student in his department, Tinubu is actually running Nigeria slower than every previous government since 1960 with highest debt ever, he has actually broken that record

LegalWolf:
You go explain explain explain, no evidence! Obi's dream is a cancer that must not be allowed to fester!

Brendaniel:
You know one thing I have learnt about Tinubu and his supporters, they hate facing reality, they love wishful thinking and love to live in self deception...




So currently Nigeria is running 3 budgets at the same time(2024, 2025 and 2026), yet around October 2025, Tinubu announced to the world that Nigeria had met the total revenue generation for 2025 which was supposed to be 50 trillion as at August, while the CBN governor Wale Edun maybe out of shame or just trying to correct the erroneous statement said that Nigeria had only met 10 trillion out of the 50 trillion projected and even had to borrow 14 trillion to help the budget.

lionshare:
Wale Edun CBN governor? Cmon you can do better

Brendaniel:
It was an error, it will be corrected, thank you...

lionshare:
Good! Also, correct the numbers as well because they are wrong.