World Bank Projects Nigeria's Debt to Drop Below 40% of GDP Amid Economic Recovery

The World Bank forecasts Nigeria's public debt to decrease below 40% of GDP due to steady economic growth, tighter fiscal management, and ongoing structural reforms. The country's economy is expected to grow modestly from 4.2% in 2025 to 4.4% in 2027, driven by strong performance in non-oil industries and agriculture.

However, inflation is expected to remain high, necessitating sustained monetary discipline. Despite macroeconomic gains, challenges like poverty and food insecurity persist.

The World Bank emphasizes the need for continued efforts to reduce inflation, promote inclusive growth, and enhance public services.