World Bank: Fuel price to slow Nigeria’s poverty reduction

AI Summary

The World Bank warns that elevated fuel prices could slow poverty reduction in Nigeria, while pre-election spending could put reforms at risk. It raised its 2026 growth forecast to 4.3% and projected inflation of 15.7%; the report also notes AI adoption by firms and power constraints.

•Says rising pre-election spending may derail reforms •Raises Nigeria’s 2026 growth forecast to 4.3% •Projects 15.7% inflation rate for 2026 •44% of firms in Nigeria, Kenya adopt AI, power constraints threaten gains By Babajide Komolafe, Economy Editor  The World Bank has warned that elevated fuel prices could slow Nigeria’s poverty reduction efforts despite an expected […] The post World Bank: Fuel price to slow Nigeria’s poverty reduction appeared first on Vanguard News.