The International Monetary Fund (IMF) has upgraded its growth forecast for Nigeria to 4.4 per cent in 2026, citing improved macroeconomic conditions and reform momentum.
The International Monetary Fund (IMF) has upgraded Nigeria’s economic growth forecast for 2026 to 4.4%, citing improved macroeconomic conditions and reform momentum. This upward revision reflects Nigeria’s steady expansion path, with growth expected to rise from 4.1% in 2024 to 4.2% in 2025, before accelerating to 4.4% in 2026
.
The IMF attributes Nigeria’s improved outlook to macroeconomic stabilization and continued reform efforts, mirroring a broader pickup across sub-Saharan Africa, where growth is projected to reach 4.6% in 2026 and 2027. Globally, the IMF projects growth of 3.3% in 2026, driven by rising investment in technology and artificial intelligence (AI).
However, the IMF warns of downside risks, including escalating geopolitical tensions, renewed trade tensions, and high public debt and fiscal deficits. To sustain growth, Nigeria should focus on rebuilding fiscal buffers and implementing structural reforms without delay, while maintaining central bank independence.
About the Author
