Nigeria's Economic Growth Projected at 1.5% by IMF for 2026

According to the International Monetary Fund (IMF), Nigeria is set to rank among the top ten countries contributing to global GDP growth in 2026, with a projected contribution of 1.5%. This positions Nigeria sixth in the list, above several developed countries and emerging economies.

Notably, Germany, the world's fourth-largest economy, is projected to contribute only 0.9%. The IMF's ranking highlights Nigeria's role as a growth driver despite facing domestic and global economic challenges.

The report indicates that the contributions from major economies in the Asia-Pacific region, particularly China and India, will dominate global growth, accounting for a combined 43.6%. The positive outlook for Nigeria is attributed to economic reforms initiated by President Bola Ahmed Tinubu's administration, which have attracted significant foreign direct investment, with expectations of $20 billion inflow into the economy.