The International Monetary Fund, IMF, has upgraded its forecasts for Nigeria’s economic growth for both 2025 and 2026.
The new forecasts were announced in its World Economic Outlook (WEO), July 2025 edition.
It upgraded its forecast for Nigeria’s economic growth to 3.4 per cent in 2025. The new forecast represents 0.4 percentage points from the 3.0 per cent forecast of the IMF in April this year.
The Fund also raised its forecast for the country’s economic growth for 2026 to 3.2 per cent, representing 0.5 percentage points from 2.7 per cent in April.
It also gave an upward revision of the forecast for global economic growth to 3.0 per cent for 2025 and 3.1 per cent for 2026.
The new forecast for global economic growth for 2025 represents an increase of 0.2 percentage points compared to the reference forecast in the April 2025 WEO, while the outlook for 2026 is up by 0.1 percentage points.