IMF Upgrades Nigeria’s Economic Growth Forecast For 2025 And 2026

The International Monetary Fund (IMF) has revised its economic outlook for Nigeria, raising the country’s 2025 growth forecast to 3.4%, up from its earlier projection of 3.0% in April. Similarly, the 2026 growth estimate has been upgraded to 3.2%, a 0.5 percentage point increase from the previous 2.7% forecast.

These revisions were detailed in the IMF’s July 2025 World Economic Outlook, which also reflected improved global projections. The global economy is now expected to grow by 3.0% in 2025 and 3.1% in 2026, each slightly higher than the April forecasts.

For Sub-Saharan Africa, the IMF now anticipates growth of 4.0% in 2025 and 4.3% in 2026, reflecting modest upward adjustments of 0.2 and 0.1 percentage points, respectively.

The upgraded forecasts signal cautious optimism, underpinned by resilient domestic reforms and a stabilizing global economic environment.