Economic reforms implemented in recent years have prevented Nigeria from plunging into a fiscal crisis and helped stabilise macroeconomic conditions, but they have also placed severe strain on ordinary citizens, with the number of poor Nigerians rising by an additional 58 million over six years, the World Bank has said. In its latest Nigeria Development Update (NDU), published in May 2025, the Bank cautioned that the gains from subsidy removal, foreign-exchange liberalisation and tax reform...

The Adamawa State Executive Council has approved a budget reallocation of N22.8 billion within the existing 2025 budget of N486.2 billion. Mr. Emmanuel Pridimso, Commissioner for Budget and Planning, disclosed this to newsmen after the Council meeting chaired by Governor Ahmadu Umaru Fintiri at the Government House in Yola on Wednesday. According to him, many ministries had already exhausted their operational funds due to rising costs. “We are seeing increased prices in nearly all sectors,...