The World Bank and the International Monetary Fund (IMF) have called for stronger and more decisive actions to further reduce inflation, warning that high prices continue to erode household welfare despite recent economic reforms. The institutions said translating macroeconomic gains into tangible benefits for citizens would require sustained efforts to bring inflation under control.
They acknowledged that Nigeria has recorded some macroeconomic improvements on the back of ongoing reforms but stressed that inflation remains elevated. According to them, persistent price pressures threaten to undermine the positive effects of stabilisation measures and limit improvements in living standards.
The positions were stated in Lagos by the World Bank’s Senior Economist for Nigeria, Dr Samer Matta, and the IMF’s Nigeria Country Representative, Dr Christian Ebeke, while speaking as panelists at the Nigerian Economic Summit Group (NESG) 2026 Macroeconomic Outlook presentation. The report, themed “Consolidating economic stabilisation gains: pathway to sustainable growth in Nigeria,” outlined policy priorities aimed at sustaining reforms and promoting inclusive growth.