World Bank, IMF endorsements validate Tinubu’s economic reforms — APC
By Kunle Sanni –
The All Progressives Congress (APC) has commended President Bola Tinubu for what it described as visionary economic leadership, following fresh endorsements of Nigeria’s economic performance by the International Monetary Fund (IMF) and the World Bank.
In a statement issued on Tuesday by its National Publicity Secretary, Felix Morka, the ruling party said the global institutions’ upgraded growth projections for Nigeria validate the effectiveness of President Tinubu’s market-driven reforms.
According to the APC, Nigeria’s economy grew by 4.23 percent in the second quarter of 2025, surpassing the IMF’s earlier forecast of 3.4 percent. The party noted that the IMF has now revised its growth outlook for Nigeria to 3.9 percent in 2025 and 4.2 percent in 2026, while the World Bank projects growth to accelerate to 4.4 percent by 2027, driven by expansion in non-oil sectors such as services and agriculture.
“These global endorsements confirm that Nigeria is on the cusp of prosperity of a kind never before seen in our history,” the statement said, adding that the reforms are “powering diversification, inclusive growth, and job creation rooted in increased local production.”
The APC contrasted Nigeria’s performance with the broader global economy, which both the IMF and World Bank expect to slow over the next two years. The party said Tinubu’s leadership had positioned Nigeria as “a standout performer” amid global economic headwinds.
While acknowledging ongoing challenges such as food inflation, poverty, and infrastructure deficits, the APC cited World Bank projections indicating a gradual decline in poverty levels from 2027 as the administration’s policies take deeper effect.
The party also highlighted fiscal improvements under Tinubu’s administration, including increased non-oil revenue, trade surpluses, and higher monthly allocations to the Federation Account. It said the Nigeria Customs Service exceeded its 2025 revenue target by ₦390 billion, while non-oil revenue rose by 40.5 percent between January and August 2025.
“The President’s forward-thinking leadership has freed Nigeria from its suffocating dependency on oil to a more diversified and resilient economy,” Morka stated.
