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President Bola Ahmed Tinubu welcomed the World Bank’s October 2026 Nigeria Development Update, noting that the report confirms the country’s economic reforms are delivering growth, lowering inflation and stabilising poverty. The update projects continued expansion and reduced public debt through 2028.
During a press briefing in Abuja, Minister of Information and National Orientation Mohammed Idris said Nigeria’s economy is on a firmer footing three years into President Bola Tinubu’s administration, marking a shift from reform to growth.