IMF: Nigeria's Macroeconomic Reforms Yield Positive Results, Non-Oil Exports Reach Record High

The IMF announced that Nigeria's recent macroeconomic reforms are starting to bear fruit, leading to improved stability and a strengthened growth outlook. The country's growth projection was upgraded to 4.4% for 2026, reflecting a positive trajectory.

Nony Ayeni of the Nigerian Export Promotion Council revealed that non-oil exports reached a record high of $6.1 billion in 2025, showing an 11.5% increase from the previous year. Deniz Igan from the IMF highlighted the positive impact of macroeconomic stabilization efforts in Nigeria and across sub-Saharan Africa.