IMF Upgrades Nigeria’s Growth Outlook Amid Global Upward Revisions
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast upward in its July 2025 World Economic Outlook (WEO), titled “Global Economy: Tenuous Resilience amid Persistent Uncertainty.” The IMF now projects Nigeria’s GDP to grow by 3.4% in 2025 and 3.2% in 2026, reflecting increases of 0.4 and 0.5 percentage points, respectively, from its April 2025 estimates of 3.0% and 2.7%.
Globally, the IMF also raised its growth projections to 3.0% for 2025 and 3.1% for 2026, up from 2.8% and 3.0% in April. The improved outlook is attributed to several key factors:
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