Nigeria’s Recovery That Millions Still Cannot Feel

A bridge is only useful when it connects two sides of a river. If engineers complete one end while the other remains untouched, what exists is not infrastructure but symbolism. It may be praised for its design and ambition, yet it does not move people, goods, or opportunities across the divide.
This image captures the essence of Nigeria’s current economic moment as reflected in the 2026 Article IV Consultation of the International Monetary Fund International Monetary Fund. On one side, Nigeria presents a narrative of reform: subsidy removal, exchange rate unification, fiscal tightening, and rising external reserves projected at 58 billion dollars. On the other side, however, sits a popu...