Following the International Monetary Fund’s upward revision of Nigeria’s 2025 GDP growth forecast to 3.40 per cent from 3.0 per cent, business sentiment across the country is showing renewed optimism.
Analysts say the improved outlook, driven by stronger oil output, a robust services sector, and easing inflation, is boosting investor confidence and could translate to lower borrowing costs for businesses.
The IMF also reviewed the growth rate for 2026 to 3.20 per cent from the previous estimate of 2.70 per cent.
Analysts said that this improved forecast already signalled improved sentiments and increased confidence in Nigeria’s economic direction.