IMF Raises Nigeria's 2025 Growth Forecast to 3.9%, Citing Economic Reforms

The IMF has raised Nigeria's economic growth projections to 3.9% in 2025 and 4.2% in 2026, indicating a 0.5% increase and reflecting renewed confidence in the country's reform efforts. This places Nigeria ahead of South Africa but slightly below the broader Sub-Saharan African region's average growth.

The IMF attributes Nigeria's upgraded forecast to factors like increased oil production, rising investor confidence, and favorable fiscal policies. In contrast, South Africa's growth forecast sees a marginal increase.

Globally, the IMF projects moderate growth of 3.2% in 2025 and 3.1% in 2026. Advanced economies are expected to expand around 1.5% during this period, with the United States growing at a slower rate of 2.0%.