IMPI Forecasts Nigeria's GDP Growth to 5.5% by 2026, Surpassing IMF Projections

The IMPI, a policy group, forecasts Nigeria's GDP to grow by 5.5% in 2026 under a new economic model championed by President Bola Tinubu. This projection exceeds the World Bank and IMF's forecasts of 4.4% growth for the same period.

The IMPI emphasizes a shift away from oil dependence towards a policy-driven economy to enhance trade and investment facilitation. Various entities, including the Lagos Chamber of Commerce and Industry and the Nigeria Economic Summit Group, have differing growth projections, with PwC suggesting a 4.3% growth rate.

The consensus around Nigeria's economic prospects reflects confidence in the economic model under Tinubu's administration, aiming for sustainable growth and efficiency improvements.