Nigeria, Oct. 8 -- Nigeria is forging ahead in stabilising its economy through several reforms, but the push has yet to translate into a favourable impact on the livelihoods of millions of its citizens, the World Bank's Nigeria Development Update issued on Wednesday stated.

"The Nigerian government has taken bold steps to stabilise the economy, and these efforts are beginning to yield results," Mathew Verghis, the organisation's country director for Nigeria, remarked in the document.

"But macroeconomic stability alone is not enough. The true measure of success will be how these reforms improve the daily lives of Nigerians, especially the poor and vulnerable," he affirmed.

The report highlighted the success recorded so far in economic g...