Tinubu hails World Bank’s update on Nigeria, vows to expand targeted cash transfers
Nigeria’s current account surplus rose to $12 billion or 7 per cent of GDP in the first half of 2026, up from $8.
Mr Tinubu said states used the additional resources to increase capital spending by 151 per cent in real terms over the same period, while much of the increase went to roads and other transport, agriculture, energy and housing.
The report stated that the reforms have helped raise the federation revenue by 69 per cent in real terms between 2023 and 2025, with states as the largest beneficiaries.
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