World Bank tok say Nigerian economy go better for 2026
Business still dey move well-well even with di U.S./Israel-Iran conflict, and though prices don go up, di output no really suffer, World Bank Nigeria lead economist tok.
Nigeria economy still strong and go grow for di first half of 2026 despite di Iran war, World Bank tok on Tuesday. Dem add say di rising cost of fuel and di high inflation wey no wan comot fit squeeze people money and slow down di fight against poverty.
Business still dey move well-well even with di U.S./Israel-Iran conflict, and though prices don go up, di output no really suffer, World Bank Nigeria lead economist Fiseha Haile tok during one presentation for Abuja, di capital.
"Overall business don dey expand for di past several months, wey mean say di war no really damage growth too much. But di shock still dey affect us through higher prices," Haile tok.
President Bola Tinubu, wey don do three years for office, don launch Nigeria biggest economic reform for decades. He stop costly fuel and energy subsidy, change di currency value, and adjust tax system to help steady di economy wey high inflation, weak currency, and outside problems don spoil.
Inflation don drop sharply to 15.06% for February from around 33% for December 2024, but e still high compared to oda African countries, and di Middle East conflict don make am start to rise again, Haile tok.
Fuel price don increase more than 50% during di Iran war, wey affect transport, food, and production cost. Haile tok say Nigeria suppose consider to remove di restrictions on fuel import to help reduce inflation.