The World Bank Group has clarified its position on fuel imports in Nigeria following backlash over recommendations contained in its latest Nigeria Development Update, as criticism mounts from policy commentators and social media activists. “The World Bank Group released its April 2026 edition of the Nigeria Development Update on April 7. Included in the report is a recommendation to allow imports of Premium Motor Spirit. Addressing concerns, the World Bank emphasised that its position was not a blanket endorsement of fuel importation but part of a broader strategy tied to market reforms and consumer protection. “The World Bank Group recognises the efforts of the Federal Government of Nigeria and the Nigerian private sector in taking concrete steps to safeguard fuel supply — a foundation that is essential to protect consumers and businesses,” it noted.

Source: Punch April 10, 2026 16:50 UTC