Nigeria: World Bank Backs Tinubu's Reforms, Warns on Inflation and Poverty Impact | Firstpost Africa

Nigeria’s economy is showing early signs of recovery following a series of bold reforms by President Bola Tinubu, the World Bank says. GDP grew 3.9% in the first half of 2025, up from 3.5% last year, with growth expected to rise to 4.4% by 2027. Foreign reserves are at their highest since 2019, and the debt-to-GDP ratio is set to fall for the first time in a decade. However, the reforms have sparked public anger as inflation surged and the cost of living, especially food, rose sharply. Over 61% of Nigerians now live in poverty.

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