NEWS
World Bank Raises Nigeria’s Growth Forecast to 3.8% as Inflation Eases
CBN’s Rate Cut, Stable Prices Strengthen Economic Outlook Across Africa
The World Bank has raised Nigeria’s 2025 economic growth forecast to 3.8%, citing easing inflation, stabilising exchange rates, and supportive policy measures by the Central Bank of Nigeria (CBN).
In its latest Africa Pulse report released on Monday, the global lender said sub-Saharan Africa’s overall growth will improve as inflation pressures ease and central banks begin relaxing monetary policies.
The development follows the CBN’s decision last month to cut its benchmark interest rate from 27.5% to 27%, a move aimed at stimulating borrowing and investment.
According to the World Bank, Nigeria, Ethiopia, and Ivory Coast are among the countries expected to record stronger economic expansion this year, with real incomes projected to rise over the next two years.
“While this marks a gradual recovery from a decade of successive shocks, the rebound has yet to gain strong momentum,” the report stated.
The bank noted that regional growth is expected to average 4.4% annually over the next two years — a slight improvement from the previous forecast of 4.3% released in April.
Andrew Dabalen, the World Bank’s Chief Economist for Africa, said the continent’s inflation levels have dropped significantly, giving policymakers room to lower interest rates.
“The median inflation is less than 4%. Moreover, most of the currencies that were cratering relative to the U.S. dollar have now recovered and are stable,” Dabalen said.
However, the report warned that high debt levels, trade uncertainty, and slow job creation could hinder long-term growth. Dabalen particularly cited the uncertainty surrounding the renewal of the Africa Growth and Opportunity Act (AGOA) — a key U.S.-Africa trade agreement — as a major concern.
“Trade challenges remain very high. We don’t know how this is going to be resolved because there are lots of negotiations going on,” he added.
The World Bank urged African governments to prioritise job creation through policies that support small and medium-sized enterprises (SMEs) and improve the business climate.
“These jobs have to be jobs that provide a living wage and secure lives,” Dabalen said, pointing out that about three-quarters of jobs in the region remain in the informal sector.
He warned that unemployment and social unrest remain significant threats to the region’s stability.
“The consequences of not solving these problems are hard to contemplate. They will be very disruptive, and I think we’re beginning to see the signs of it,” Dabalen said, referencing youth-led protests in Nigeria, Kenya, and Madagascar.
With inflation easing and currencies stabilising, analysts believe Nigeria’s latest growth outlook signals cautious optimism for Africa’s largest economy — though sustained reforms and private-sector investment remain key to long-term recovery.
NEWS
Kuje Chairman Breaks Silence Over Viral ‘Leave If You’re Not APC’ Comment
The Chairman of Kuje Area Council in the Federal Capital Territory (FCT), Danjuma Shekwolo, has clarified his controversial remarks in a viral video where he appeared to tell residents who do not support the All Progressives Congress (APC) to leave the council.
Shekwolo, who came under criticism following the circulation of the video, said his remarks were made in a specific context during a meeting with APC youths and loyalists and were subsequently taken out of context.
ALSO SEE: Abuja One-Chance Scare: How Criminals Turn Taxis Into Death Traps
In the viral footage, the chairman was heard saying: “I have said in my area council, it’s either you are doing APC or leave the area council. I am not arguing with you.”
The statement sparked concerns over political intimidation and residents’ freedom to support political parties of their choice, particularly as political activities intensify ahead of the 2027 general elections.
However, in a clarification issued on Wednesday, Shekwolo said he had no intention of disenfranchising residents or denying anyone their fundamental rights.
According to him, the meeting where the statement was made focused on administrative efficiency, local development and the welfare of communities within Kuje Area Council.
“The remarks in question were made in a specific context aimed at addressing administrative efficiency, local development, and community welfare. You may recall that event that led to the unfortunate incident was a meeting with the APC party youths and loyalties,” he said.
The chairman stressed that political affiliation could not be used as a basis for denying residents their rights.
“And as the Executive Chairman of Kuje Area Council, I have no right to disenfranchise any residents or citizen of their fundamental human rights in the council,” Shekwolo said.
He also denied any intention to create disaffection or undermine any group, saying his administration remained committed to serving all communities in Kuje.
“At no point did I intend to cause disaffection, undermine any group, or promote policies that do not serve the best interest of our citizens,” he said.
Shekwolo further appealed to residents and stakeholders to support the development of Kuje regardless of their political, religious or ethnic differences.
“I urge the people of Kuje Area Council and the general public, regardless of their political affiliation, religious, or ethnic difference, to join hands with the administration to make Kuje the area council of our dreams,” he said.
The chairman also appealed to journalists to verify the context of statements before publishing reports, describing the media and government as “partners in progress.”
The controversy followed widespread criticism of the original remarks, with rights groups and political actors raising concerns over the implications of linking residency in Kuje to political support.
NEWS
CNG Can Cut Fuel Cost From N200,000 to N40,000 — FG
The Federal Government has said Compressed Natural Gas can significantly reduce fuel and transportation costs, citing a traveller whose fuel expenditure reportedly dropped from more than N200,000 to about N40,000 after switching to CNG.
The Director-General of the National Automotive Design and Development Council, Oluwemimo Joseph Osanipin, disclosed this on Wednesday after meeting with President Bola Tinubu at the Presidential Villa in Abuja.
SEE MORE: FG, NADDC Empower NYSC Members in South-East with CNG Conversion Skills
Osanipin said the example demonstrated the potential of CNG to deliver substantial savings as the government expands infrastructure and access to alternative energy across the country.
He said the traveller was able to refill with gas in Kano, demonstrating the expanding availability of CNG beyond major commercial centres.
“So, a lot of people are already benefiting from this policy, and more and more will come now that we are having more people and more firms going into it and investing in it,” he said.
According to Osanipin, the number of companies licensed to retail gas had increased sharply from about four to 81, describing the development as evidence of growing private-sector participation in the Federal Government’s CNG initiative.
However, he acknowledged concerns that some commercial transport operators benefiting from lower CNG costs had yet to pass the savings on to commuters through reduced fares.
“We have a lot that are already doing it; fleet operators are already benefiting from this. So what we are pushing for again, because someone asked me that question, is that I have seen a lot of people benefiting from it, but they refuse to transfer the price to the masses.
“So that is going to be the next stage. But we just want to make sure that all the infrastructure and everything is coming. Then we now see enforcement of some of these policies,” he said.
Osanipin stressed that adequate infrastructure, including filling stations, mobile refuelling units and gas production facilities, remained critical to making the CNG initiative sustainable.
He also disclosed that the Federal Government had taken delivery of the first batch of electric vehicles promised to civil servants, describing it as the beginning of a broader rollout of cleaner-energy vehicles.
NEWS
FG Begins Electric Car Rollout for Civil Servants as First Batch Arrives
The Federal Government has begun the rollout of electric cars for civil servants with the delivery of the first batch of vehicles promised by President Bola Tinubu.
The Director-General of the National Automotive Design and Development Council, Oluwemimo Joseph Osanipin, disclosed this on Wednesday after meeting with President Tinubu at the Presidential Villa in Abuja.
Osanipin said the arrival of the vehicles marked the beginning of a broader plan to expand electric mobility in Nigeria, reduce transportation costs and promote cleaner energy.
SEE MORE: ‘Painful Loss to Nigeria’ — Tinubu Mourns Eagle Online Publisher Dotun Oladipo
“Today, you must have heard in the news that the first batch of the electric vehicle that the President promised civil servants was delivered today, and they are all electric vehicles. This is the beginning of more and more that will come,” he said.
According to him, the government has also deployed electric-vehicle infrastructure in about 16 universities across the country to support the development of an ecosystem for alternative-energy transportation.
Osanipin said the government’s policies on electric vehicles and Compressed Natural Gas would become increasingly visible as investments in supporting infrastructure continue to grow.
He stressed that infrastructure was critical to the success of the alternative-energy transition, noting that CNG adoption, for instance, requires filling stations, mobile refuelling units and gas production facilities.
“You can’t put a policy in place today and start having the immediate impact,” he said, adding that investments were already being made in the required infrastructure.
The NADDC boss also disclosed that the number of companies licensed to retail gas had increased from about four to 81.
He described the development as evidence of growing private-sector participation in the Federal Government’s CNG initiative and said gas was becoming more available in some states.
Osanipin further highlighted the potential of CNG to reduce transportation expenses, citing the experience of a traveller whose fuel expenditure reportedly fell from more than N200,000 to about N40,000 after switching to CNG.
He said the traveller was able to refuel with gas in Kano, demonstrating the expanding availability of CNG beyond major commercial centres.
However, Osanipin acknowledged concerns that some commercial transport operators benefiting from lower CNG costs had yet to transfer the savings to commuters through reduced fares.
“We have a lot that are already doing it; fleet operators are already benefiting from this. So what we are pushing for again, because someone asked me that question, is that I have seen a lot of people benefiting from it, but they refuse to transfer the price to the masses,” he said.
He explained that the next phase of the government’s intervention would focus on ensuring that the benefits of cheaper alternative energy translate into lower transportation costs for Nigerians.
Osanipin said his meeting with President Tinubu also provided an opportunity to brief him on developments in the automotive sector, ongoing investments and a draft legislation being developed for the industry.
The Federal Government has continued to promote electric mobility and CNG as part of efforts to diversify Nigeria’s transportation energy mix, reduce dependence on petrol and diesel, lower transportation costs and cut emissions.






https://shorturl.fm/z1bCB
What i don’t realize is actually how you are not actually much more well-liked than you might be right now. You’re very intelligent. You realize therefore significantly relating to this subject, produced me personally consider it from so many varied angles. Its like men and women aren’t fascinated unless it’s one thing to do with Lady gaga! Your own stuffs outstanding. Always maintain it up!
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.
great post.Ne’er knew this, appreciate it for letting me know.
Some really excellent information, Sword lily I observed this. “The minute one utters a certainty, the opposite comes to mind.” by May Sarton.
Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.
Keep up the superb piece of work, I read few blog posts on this internet site and I believe that your website is rattling interesting and holds sets of good info .
This website is my inspiration , very wonderful style and design and perfect articles.
I couldn’t resist commenting
fantastic issues altogether, you simply received a logo new reader. What may you recommend about your post that you just made some days ago? Any positive?
Appreciate it for helping out, wonderful information. “Job dissatisfaction is the number one factor in whether you survive your first heart attack.” by Anthony Robbins.
I simply wanted to compose a note to thank you for some of the precious facts you are sharing on this site. My considerable internet search has finally been paid with good information to write about with my great friends. I ‘d mention that many of us site visitors actually are very much fortunate to live in a fabulous network with so many special people with beneficial hints. I feel pretty privileged to have come across your entire site and look forward to tons of more awesome times reading here. Thanks a lot once again for everything.
You are my inspiration , I own few blogs and rarely run out from to post .
What i don’t understood is in truth how you’re not actually a lot more well-liked than you might be right now. You’re very intelligent. You know thus significantly when it comes to this subject, produced me for my part believe it from a lot of varied angles. Its like women and men are not interested except it is something to do with Woman gaga! Your own stuffs outstanding. All the time handle it up!