Nigeria is showing promising macroeconomic improvement, with real GDP growing 3.9 % in the first half of 2025 (up from 3.5 % in 2024), stronger performance in non-oil sectors, increased foreign reserves (above $42 billion), and a current account surplus of 6.1 % of GDP. However, these gains have yet to yield better living conditions for many citizens: inflation, especially on food, remains severe, poverty is pervasive, and structural constraints limit inclusive growth.

The World Bank urges that now is the moment to “bring home the gains” by tackling food inflation through reforms, improving public spending and transparency, and expanding social protection to support the most vulnerable.

Source: World Bank