By Maryam Charles
The World Bank has urged the Federal Government to sustain the momentum of ongoing economic reforms by tightening fiscal and monetary policies, improving transparency in public finance, and consolidating gains from key measures such as fuel subsidy removal and foreign exchange unification.
In its latest Nigeria Development Update released on Wednesday, the Bretton Woods institution commended Nigeria’s progress toward economic stabilisation since 2023 but warned that early gains could be lost without disciplined implementation, credible communication, and stronger institutional accountability.
The October 2025 edition of the report, titled “From Policy to People: Bringing the Reform Gains Home,” outlined fiscal, monetary, and structural measures needed to ensure Nigeria’s fragile recovery translates into long-term growth and inclusive development.
The World Bank also advised the Central Bank of Nigeria to maintain a tight monetary policy stance by keeping real interest rates positive and avoiding the monetisation of fiscal deficits.
