President Bola Tinubu don talk say report wey World Bank release show say di economic changes wey im government introduce don begin bring results, including making di economy more stable.
Tinubu, for statement on Sunday, talk say di report support di decision wey im government take to stop petrol subsidy and make other changes wey dem believe say go help di country economy grow.
Di President also point to di World Bank finding wey show say di number of Nigerians wey dey live for poverty don stop to increase for di first time since 2019.
According to am, di bank expect poverty to begin reduce small-small as di economy dey grow faster pass di rate wey population dey increase.
Di statement wey Bayo Onanuga, Special Adviser to di President on Information and Strategy, sign talk say Nigeria economy grow by 4.2 per cent for di first six months of 2026, compared to 3.9 per cent for di same period for 2025, despite di effect of di conflict for Middle East.
Di World Bank expect Nigeria economy to grow by an average of at least 4.4 per cent between 2026 and 2028.
On prices, di report show say inflation reduce from 27.6 per cent for January 2025 to 15.2 per cent for December 2025. But increase for fuel prices around di world, wey di Middle East conflict contribute to, don slow down di reduction. Di bank expect inflation to reduce reach about 12 per cent by 2028.
Di report also show say Nigeria foreign account position improve. Di money wey remain after di country international transactions rise to 12 billion dollars for di first half of 2026, compared to 8.6 billion dollars for di same period one year before.
Nigeria foreign reserves also increase from 45.5 billion dollars for end of 2025 to 53.8 billion dollars by di end of August 2026.
Tinubu talk say di World Bank report credit di economic changes wey government introduce since 2023 with helping to increase money wey federal, state and local governments share by 69 per cent in real terms between 2023 and 2025. According to am, state governments benefit di most from di increase.
Di President add say state governments use some of di extra money to increase spending on projects by 151 per cent in real terms within di same period.
Most of di money go into road construction and other transport projects, farming, energy and housing. Di report also show say 29 out of 33 states shift more of their spending towards projects wey fit help their economies, while spending on social needs per person increase for all but one state.
Tinubu further reveal say money wey states generate by themselves increase in real terms for 31 out of 35 states. Also, 21 states reduce their debt compared to di size of their economies between 2021 and 2025.
Di report expect Nigeria total public debt to reduce from 40 per cent of di country economy in 2025 to 38.1 per cent in 2026.
Di President maintain say di decision to stop petrol subsidy, bring together di different foreign exchange rates and improve how government dey manage public money don help increase government revenue, make di economy more stable and give different levels of government more money to invest in their people.
However, Tinubu admit say more work still dey to make Nigerians feel di full benefit of di economic changes, especially through cheaper food prices and better jobs for young people.
