Nigeria returned from the 2026 IMF and World Bank Annual Meetings in Bangkok with a $78.5 billion pipeline of 65 bankable projects across energy, transport, industry, mining, agriculture, health and urban services. Finance Minister Taiwo Oyedele said the government targets 7% growth, calling the IMF’s 4.3% projection for 2027 conservative, and cited 4.4% GDP growth in the second quarter of 2026. CBN Governor Olayemi Cardoso said reforms cut inflation to 14.63% in September 2026, lifted foreign reserves above $55 billion, and banks raised N4.65 trillion in recapitalisation, over 70% from domestic investors. Fitch revised Nigeria’s outlook to positive, but Cardoso warned gains must be protected through consistent policies. Oyedele said lowering inflation and borrowing costs, now near 30%, is needed to unlock investment, and the government ruled out a return of fuel subsidies.
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Original headline: FG unveils $78 . 5bn investment plan , targets 7 % growth – The Sun Nigeria
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