World Bank on Nigeria: Tinubu's economic reforms caused significant rise in revenues - Blueprint Newspapers Limited

Contributing sentiments towards policy:

62% : Subnational governments, in particular, are directing more of their resources toward capital projects, which is a positive development.
60% : The World Bank Wednesday scored Nigeria's ongoing economic reforms high, saying they have led to a significant rise in government revenues at all levels.
59% : "Public resources must be used more effectively, ensuring that spending drives real development results that benefit people.
56% : This, it said, had resulted in increased spending by both the federal and subnational governments.
55% : " On the areas that needed improvement, he said: "I would like to see a better look at fiscal expenditure.
52% : " Similarly, the NDU predicted inflation would ease to 15.8 percent by 2027, supported by tight monetary policy and reduced supply pressures, while fiscal deficit is expected to average 2.7 percent of GDP between 2026 and 2027, boosted by rising tax revenues and lower interest payments.
52% : We're still spending too much money on government  --  on the cost of governance, too many political appointees, too many officers." "If we do not improve the quality of spending and put a rein on expenditure, we're going to continue borrowing," Sanusi said.
42% : He said: "Reforms by the federal government have yielded more revenues for all levels of government, leading to higher spending.
40% : The report further noted that capital spending by state governments rose from about one percent of the Gross Domestic Product (GDP) in 2022 to a projected 2.7 percent of GDP by 2025.

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