APC adviser cites World Bank data to defend Tinubu reforms amid persistent hardship

APC media adviser Tooki argues in a new opinion piece that President Tinubu's economic reforms are delivering measurable results, citing the World Bank's October 2026 Nigeria Development Update. The report shows 4.2% GDP growth in H1 2026 (up from 3.9% a year earlier), external reserves rising to $53.8 billion by August 2026, and a $12 billion current-account surplus. Federation revenues grew 69% in real terms between 2023-2025, with states increasing capital expenditure by 151% on roads, agriculture, and energy.

Tooki frames this as evidence that ending fuel subsidies and unifying exchange rates created fiscal space to absorb global shocks like rising oil prices from Middle East conflict. The World Bank projects 4.4% average growth through 2028 and inflation declining toward 12% if reforms continue.

However, the piece acknowledges millions still face high food, transport, and energy costs. Inflation fell from 27.6% (Jan 2025) to 15.2% (Dec 2025) but global fuel prices have complicated further relief. Macro gains haven't yet translated to household-level improvement.

The argument for continuity rests on converting stronger revenues into agricultural productivity, reliable electricity, better roads, and social protection for vulnerable Nigerians. The World Bank identifies the next phase as private-sector driven, requiring effective public-sector delivery.

With macro indicators improving but daily costs still high, will you judge the reforms by the data or your grocery bill?

SOURCE: https://nairametrics.com/2026/11/06/tinubus-reforms-turning-global-pressure-into-nigerian-progress/