October 14, 2025

IMF Boosts Nigeria’s Economic Outlook, Revises 2025 Growth Forecast to 3.9%

The New Diplomat

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By Abiola Olawale

The International Monetary Fund (IMF) has upgraded Nigeria’s economic growth projection for 2025 to 3.9% expansion.

The IMF also forecasted that Nigeria’s economic growth will accelerate to 4.2% in 2026.

This revision was announced on Tuesday during the launch of the World Economic Outlook (WEO) 2025 at the ongoing World Bank and IMF Annual Meetings in Washington, D.C.

In its July 2025 update, the IMF had projected Nigeria’s growth at 3.4 percent, but the latest report reflects a 0.5 percentage point increase, signaling renewed confidence in the country’s reform-driven economic recovery.

According to the IMF, the upward adjustment reflects Nigeria’s progress in macroeconomic stabilization, including currency unification and fiscal tightening under President Bola Tinubu’s administration.

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