The World Bank and the International Monetary Fund (IMF) yesterday urged decisive measures to further reduce inflation in order to translate economic gains into tangible improvements in household welfare.
The global lenders and development partners admitted that macro-economic gains are being recorded on the strength of reforms but declared that “inflation rate is still high.”
The World Bank’s Senior Economist for Nigeria, Samer Matta and Nigeria’s IMF Country Representative, Christian Ebeke, made the positions in Lagos while speaking as panelists at the Nigerian Economic Summit Group (NESG) 2026 Macroeconomic Outlook presentation.
The NESG report was themed “Consolidating economic stabilisation gains: pathway to sustainable growth in Nigeria.”
On Tuesday, the World Bank increased its projection for Nigeria’s economic growth rate for 2026 to 4.4 percent from the 3.7 percent forecasted in June 2025.
The global financial institution equally upgraded Nigeria’s economic growth rate for 2027 to 4.4 percent from 3.8 percent. Speaking at the NESG event, IMF’s Ebeke warned that Nigeria is at the risk of “being very complacent and believing that the job is done.”
