The International Monetary Fund has projected 23 per cent inflation rate for Nigeria in 2025 and further drop to 18 per cent in 2026.
“There are stark divergences also between countries that call for careful calibration of monetary policy. Going forward, policymakers should prioritize measures that help preserve or even enhance the resilience of the global economy. A key priority is to rebuild fiscal buffers, especially in an environment with high real interest rates, modest growth, and elevated debts.
Meanwhile, the World Bank has called for investment in clean hydrogen, noting its potential as a game-changer in the global energy transition, particularly for Emerging Markets and Developing Countries like Nigeria. This investment surge is projected to enable EMDCs to produce half of the world’s clean hydrogen by 2030, reaching a target of 20 million metric tons per annum.
Such policies the report noted should be designed to attract private sector financing and mitigate the risks associated with early-stage investments. In light of this, the World Bank encouraged EMDCs to implement policies that mitigate risks and incentivize private sector investment in clean hydrogen production.
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