The International Monetary Fund has revised Nigeria’s economic growth outlook upward, projecting a 3.9 per cent GDP expansion in 2025, a growth that it pegged on higher oil production, stronger investor confidence, and a more supportive fiscal stance as key drivers.
In July, the IMF revised Nigeria’s economic growth projection for 2025 upward to 3.4 per cent, a 0.4 percentage point increase from the 3.0 per cent forecast published in its April 2025 World Economic Outlook.
Speaking at the press conference to mark the launch of the report, the Chief of the IMF Research Department, Deniz Igan said. For 2025 projected GDP growth at 3.9 per cent, which is 0.5 percentage points higher than earlier forecast and upgraded the 2026 growth projection by 0.9 percentage points to 4.2 per cent.