Nigeria’s economic growth forecast for 2025 has been increased by the International Monetary Fund (IMF) by 0.5 percentage points to 3.9%. Stronger macroeconomic stability, growing investor confidence, and more oil production were cited by the Fund as the reasons for the improved prognosis. The IMF’s most recent World Economic Outlook report was presented Tuesday during the ongoing World Bank/IMF Annual Meetings in Washington, D.C., when the upward revision was announcedThe IMF predicts that Nigeria’s economy will further strengthen to 4.2% in 2026, which is 0.9 percentage points higher than its earlier prediction. Nigeria’s low exposure to the new U.S. tariffs, which have had little effect because of the country’s limited economic ties with the U.S., and decreased domestic uncertainty are reflected in the revision, according to the Fund. The Nigerian economy has demonstrated remarkable resilience in recent months, according to the IMF. Since July, it has been noted that investor sentiment has increased, financial conditions have improved, and the exchange rate has increased.
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