The economy is stabilising
The World Bank’s April 2026 Nigeria Development Update described the country as having made meaningful progress in restoring macroeconomic stability, while warning that household incomes had not fully recovered and poverty remained high.
Nigeria cannot repair its national finances while subnational governments borrow against uncertain futures, underinvest in their tax bases, or treat public revenue as political property.
The Central Bank of Nigeria’s reform record describes the shift toward a willing-buyer, willing-seller model, the consolidation of previously segmented market windows, and efforts to clear verified foreign-exchange obligations.
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