Musa urges jobs from Nigeria 3.9 growth
The West African Institute for Financial and Economic Management wants the government to convert projected economic expansion into tangible benefits for citizens. Director General Baba Musa told attendees at the IMF and World Bank meetings that growth must produce employment opportunities and higher wages. The International Monetary Fund expects the economy to expand 3.9 percent this year compared with 3.5 percent in 2024.
Musa said inflation dropped to 18.02 percent in September from 20.12 percent one month earlier because of better food availability and energy market actions. The Central Bank reduced interest rates for the first time since 2020 to encourage business investment. Shell approved a gas project that will deliver 350 million standard cubic feet daily to support export production and create jobs across skill levels.
