The International Monetary Fund, IMF, has upgraded its forecast for Nigeria’s economic growth to 3.4 per cent in 2025.
The new forecast represents 0.4 percentage points from the 3.0 per cent forecast of the IMF in April this year.
Similarly, the IMF raised its forecast for the country’s economic growth for 2026 to 3.2 per cent, representing 0.5 percentage points from 2.7 per cent in April.
The IMF announced the new forecast in its World Economic Outlook, WEO, July 2025 edition, which also showed an upward review of the forecast for global economic growth to 3.0 per cent for 2025 and 3.1 percent for 2026.
The new forecast for global economic growth for 2025 represents an increase of 0.2 percentage points compared to the reference forecast in the April 2025 WEO, while the outlook for 2026 is up by 0.1 percentage points.
In the same vein, the IMF raised its forecast for the Sub-Saharan African region to 4.0 per cent for 2025 and 4.3 per cent for 2026, representing 0.2 percentage points and 0.1 percentage points increase from 3.8 per cent and 4.2 per cent, respectively, projected in the April 2025 WEO.
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