Nigeria unveiled a $78.5 billion investment pipeline comprising 65 bankable projects that span energy, transport, industry, mining, agriculture, health and urban services, the Finance Minister announced on the sidelines of the International Monetary Fund and World Bank annual meetings in Bangkok.
Finance Minister Taiwo Oyedele said the government will not return to fuel subsidies or adopt multiple exchange rates. He described the recent temporary reduction in the retail fuel margin by the Nigerian National Petroleum Company as a commercial decision rather than a subsidy, and set a target of seven per cent economic growth for 2027, higher than the IMF’s 4.3 per cent projection.
Central Bank Governor Olayemi Cardoso said the country’s reforms have lowered inflation to 14.63 per cent in September 2026 and lifted foreign reserves above $55 billion. He added that formal remittance inflows were approaching $1 billion a month and that Nigerian banks had raised N4.65 trillion in fresh capital, with slightly more than 70 per cent coming from domestic investors.
Cardoso noted that Fitch Ratings had recently upgraded Nigeria’s sovereign outlook from stable to positive, reflecting the improving economic direction. He stressed that gains must be protected through consistent policies, credible institutions and effective cooperation between monetary and fiscal authorities.
Oyedele highlighted fiscal progress: the tax‑to‑GDP ratio rose to 12.5 per cent by the end of 2025, private capital inflows climbed from about $300 million in 2023 to nearly $6 billion in 2026, federation revenues quadrupled since 2021, and
<small>Source: The Sun Nigeria — read the original story there.</small>
