As IMF/World Bank Meetings Wind Up, Nigeria Showcases $78.5bn Pipeline, Pushes For Fairer Global Finance
Nigeria has concluded its participation in the 2026 Annual Meetings of the International Monetary Fund and World Bank Group in Bangkok with a call to turn hard-won stability into faster, job-creating growth.
The country used the meetings to present 65 bankable projects worth about $78.5 billion under Projects Nigeria, which attracted expressions of interest from Asian and European investors.
The delegation was led by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, and the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso.
Presenting evidence of reform results, the delegation cited growth of about 4.4 per cent in Q2 2026, four consecutive months of falling inflation, reserves above $55 billion, a tax-to-GDP ratio of 12.5 per cent and debt at 36 per cent of GDP, the Federal Ministry of Finance said in a statement.
“Stability was the first test. Growth that employs our people is the second,” the Minister said, confirming that there would be no return to fuel subsidies or multiple exchange rates.
He warned that Artificial Intelligence could deliver growth without jobs, noting that 1.2 billion young people will enter the global labour market over the next 10 to 15 years, against some 400 million jobs, according to the World Bank. He urged the Bretton Woods institutions to measure success by jobs created.
Other key outcomes from the meetings include World Bank Group support for power and infrastructure through guarantee instruments, continued IMF technical support on fiscal governance, transparency and statistics, and commitments from JICA, the US Treasury and the European Union to deepen cooperation with Nigeria.
The Ministry added that Nigeria also concluded its chairmanship of the G-24 during the meetings, advancing calls for a quota-based IMF, fairer credit ratings and cheaper finance for developing countries.
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