By Adedapo Adesanya

Nigeria’s inflation rate is projected to average 22.1 per cent in 2025, according to the World Bank.

The global lender disclosed this in a statement published Monday on its website, following the formal launch of the latest Nigeria Development Update (NDU) report in Abuja.

It noted that this is as the Central Bank of Nigeria (CBN’s) tight monetary stance begins to anchor inflation expectations and restore confidence in macroeconomic management.

The biannual report, titled Building Momentum for Inclusive Growth, assesses recent economic trends and policy responses in Nigeria, with a focus on how to consolidate stability and stimulate inclusive growth.

According to the World Bank, while Nigeria’s economic indicators are showing signs of improvement, particularly growth, revenue, and fiscal balance, price pressures remain elevated.

“The report further adds that Inflation has remained high and sticky but is expected to fall to an annual average of 22.1% in 2025, as a sustained tight stance firmly establishes monetary policy credibility and dampens inflationary expectations,” the statement read.

Nigeria’s inflation has been driven by the removal of fuel subsidies, exchange rate unification, high logistics and energy costs, and food supply disruptions.

However, the report noted that recent monetary tightening by the Central Bank of Nigeria (CBN) is beginning to slow inflation momentum.

Recall that Nigeria earlier this year rebased its Consumer Price Index (CPI) updating the base year to 2024 from 2009. As a result the inflation dropped to 24.48 per cent in January 2025 from December 34.80 per cent.

In February, the rate slowed to 23.18 per cent and then increased to 24.23 per cent in March 2025.

The NDU also noted that Nigeria’s economy grew by 4.6 per cent year-on-year in Q4 2024, pushing full-year growth to 3.4 per cent, the strongest non-COVID performance since 2014.

The country’s fiscal deficit narrowed significantly from 5.4 per cent of GDP in 2023 to 3.0 per cent in 2024, supported by a surge in consolidated government revenues from N16.8 trillion (7.2 per cent of GDP) in 2023 to an estimated N31.9 trillion (11.5 per cent of GDP) in 2024.

The World Bank said the improving macroeconomic outlook now presents Nigeria with a “historic opportunity” to reposition public spending and deliver meaningful development outcomes.

“Nigeria has made impressive strides to restore macroeconomic stability. With the improvement in the fiscal situation, Nigeria now has a historic opportunity to improve the quantity and quality of development spending; investing more in human capital, social protection, and infrastructure,” said Mr Taimur Samad, Acting World Bank Country Director for Nigeria.

He added that public resource allocation must shift away from previous unsustainable patterns and instead address the country’s significant development gaps.

The NDU recommended a private sector-led growth strategy that focuses on improving infrastructure, increasing access to finance, enhancing competition, and undertaking reforms in productive sectors to support job creation and inclusive development.

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Cryptocurrency Mining Explained

At its core, cryptocurrency mining is the process of validating transactions and adding them to the blockchain ledger. Miners compete to solve complex mathematical puzzles using powerful hardware, like ASICs (Application-Specific Integrated Circuits). Once a solution is found, it’s broadcast across the network, and the miner gets rewarded in crypto.

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How Colocation Facilities are Used in Crypto Mining

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Colocation Benefits for Miners – Why are They Becoming Popular?

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By Adedapo Adesanya

The Nigerian Postal Service (NIPOST) and the KLM Royal Dutch Airlines have signed a direct international mail partnership to boost delivery and ease bottlenecks around Nigerian logistics.

The Postmaster General of NIPOST, Mrs Tola Odeyemi, confirmed this agreement between both parties, describing its as a milestone in many years.

According to Mrs Odeyemi, NIPOST operated without any direct partnerships with international airlines, relying heavily on multiple third-party handlers, resulting in delays, higher costs, and uncertainty around the delivery of packages.

“With this new partnership, KLM will now handle our outbound international mail directly, with no middlemen involved,” she wrote in the announcement on X, formerly, known as Twitter, noting that the deal will bring faster and more reliable delivery, reduced risk of loss or damage, lower handling charges, and access to over 200 countries through KLM’s global network.

KLM Royal Dutch Airlines is the national carrier of the Netherlands and offers services – passenger and cargoes – to 164 destinations worldwide and boasts about 116 aircrafts as of 2025.

“This breakthrough is possible because we have begun clearing longstanding debts owed to international carriers. We are actively working to rebuild global trust, and this partnership is only the first of many doors that will reopen,” she added.

She also noted that NIPOST is currently in strategic discussions with Ethiopian Airlines to serve African and Eastern routes, further strengthening the country’s regional and continental logistics framework.

“Our goal is clear and unwavering: to connect Nigeria regionally and globally, efficiently, securely, and affordably,” she noted.

The NIPOST chief also noted that the development serves as a major win for Nigerian businesses especially Small and Medium Enterprises (SMEs).

According to her, some of the benefits cover those who export goods, or sell products online, as it introduces quicker, more affordable international shipping, greater peace of mind with improved reliability, and new potential to reach and grow in global markets.

“I remain grateful to the incredible teams working diligently behind the scenes, and to every Nigerian who continues to believe in our mission. We are not just delivering mail, we are delivering solutions and moving Nigeria forward,” she added.