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Nigeria's Finance Minister Taiwo Oyedele told the World Bank and IMF meetings in Bangkok that both international investors and local markets consider opposition politicians urging a return to the subsidy regime as unserious and have not factored such a move into price forecasts.
Nigeria’s finance minister said investors are pricing in President Bola Tinubu’s second term and expect continuity of the current reform agenda, warning that any reversal could trigger capital flight and pressure on the naira.
Economic analysts have urged the Nigerian government to ensure that the drafting of the 2027 Appropriation Bill does not distract from the need for transparent reporting on the execution of the 2025 and 2026 budgets. They call for a full audit of outstanding commitments before the new budget is tabled.
Nigeria’s financial sector recorded a loss of ₦52.26 billion to electronic fraud in 2024, more than double the amount lost in 2023. The IMF and World Bank’s Bangkok Blueprint offers a framework for tighter regulation, better cooperation and improved consumer protection.
At the opening of the IMF and World Bank meetings in Bangkok, Managing Director Kristalina Georgieva warned that artificial intelligence may disrupt as much as 40% of global employment. Independent research from Goldman Sachs, the ILO and McKinsey backs the alarm, highlighting severe risks for entry‑level workers.
Special Adviser on Policy Communication Daniel Bwala told Channels Television that the Tinubu administration's economic reforms have pushed more Nigerians into poverty, but he insisted the country has made marked progress since the changes were implemented.
IMF Managing Director Kristalina Georgieva cautioned that the rapid rise of artificial intelligence may deepen worldwide wealth gaps, urging coordinated policy action as the Fund prepares for its annual meetings in Singapore.