Nigeria opens consultation on draft economic policy framework
Nigeria's consultation runs until 27 November. The proposed framework includes policy impact assessments and public scorecards, but is not approved government policy.
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8 reports in Economy
Nigeria's consultation runs until 27 November. The proposed framework includes policy impact assessments and public scorecards, but is not approved government policy.
Nigeria's November 2025 Eurobond transaction raised $2.35 billion across maturities in 2036 and 2046. The borrowing supported fiscal financing, while adding dollar-denominated obligations whose naira cost remains sensitive to exchange rates over time.
The World Bank reported faster first-half growth in its 8 October 2025 Nigeria Development Update, while warning that better macroeconomic indicators had not yet brought enough relief to households facing high food costs and poverty.
The CBN's 23 September 2025 decision combined a half-point policy-rate cut with changes to bank reserve requirements. The historical decision illustrates how the bank balanced easing inflation with concerns about excess liquidity.
Nigeria's July 2025 national-accounts update broadened the picture of its economy. The finance ministry highlighted digital and creative activity, a larger services role and the need to turn measured growth into jobs and incomes.
The IMF's July 2025 Article IV assessment recognised stronger macroeconomic resilience but warned that poverty and food insecurity had increased. It linked the next stage of reform to inclusive growth, reliable budgets and stronger social protection.
Nigeria's June 2025 tax overhaul combined changes to tax legislation, administration and revenue institutions. The signing was an important fiscal milestone, although its economic benefits depended on implementation rather than the announcement alone.
Nigeria introduced a refreshed inflation basket in February 2025, using 2024 as its price base and 2023 spending weights. The change matters when comparing the new series with older headline inflation figures.
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