The Federal Government say April and May 2026 mark another important phase in Nigeria’s economic reform journey as authorities focus on strengthening institutions and turning policy gains into long-term economic growth.
According to government officials, attention shifted to consolidating reforms and maintaining economic stability after the successful completion of the banking sector recapitalisation programme in March.
The banking recapitalisation exercise, described as one of the biggest achievements of the current reform period, saw Nigerian banks raise more than ₦4.65 trillion to strengthen their capital base and improve their ability to support economic growth.
The development is expected to boost financial stability, increase lending capacity and improve confidence in Nigeria’s banking sector.
Government officials noted that the strong participation of both local and foreign investors during the recapitalisation process reflects growing confidence in Nigeria’s economy and ongoing reforms.
Meanwhile, Nigeria participated in the 2026 International Monetary Fund (IMF) and World Bank Spring Meetings in Washington, United States, at a time when many economies around the world are facing financial pressures, geopolitical tensions and slower growth.
The meetings provided an opportunity for Nigeria to present its economic reform achievements, engage international partners and attract greater support for its development agenda.
One of the major highlights of the engagement was a meeting with the President of the World Bank, Ajay Banga, where discussions focused on institutional reforms, sustainable development and strategies for long-term economic growth.
Nigeria also played a leading role as Chair of the G-24 group, helping to drive conversations around development financing, reforms of the global financial system and policies aimed at creating jobs across developing countries.
Officials said the engagements further strengthened Nigeria’s position in global economic discussions and reinforced confidence in the country’s commitment to sustainable growth, fiscal discipline and economic transformation.
The government expressed optimism that ongoing reforms will continue to attract investment, strengthen institutions and create opportunities for businesses and citizens across the country.
