Nigeria's New Economic Model Set to Drive Higher GDP Growth Beyond 2026, Says IMPI Policy Group

The IMPI Policy Group, led by Dr. Omoniyi Akinsiju, is implementing a new economic model in Nigeria under President Bola Tinubu's administration.

This model aims to drive the country's GDP growth higher beyond 2026. Forecasts by the World Bank and IMF indicate a significant economic shift away from crude oil dependence.

The IMF projects a 4.4% economic growth for Nigeria in 2026, the highest in 17 years. Various stakeholders, including the Lagos Chamber of Commerce and Industry (LCCI) and the Nigeria Economic Summit Group, have expressed optimism, with projections ranging from 4.68% to 7% growth for the Nigerian economy by 2026.