Nigeria to Overtake South Africa, Become Continent’s Largest Contributor to Global GDP - IMF ‎ ‎Nigeria is projected to overtake South Africa as Africa’s largest contributor to global economic growth in 2026, according to new estimates by the International Monetary Fund (IMF). ‎ ‎The projection, reported by Business...

The International Monetary Fund (IMF) has revised Nigeria’s economic growth projection for 2026 upward to 4.4%, signaling renewed confidence in the country’s economic trajectory. This marks a modest but notable increase from the Fund’s previous forecast of 4.2%.

At the recently concluded annual meetings of the IMF/World Bank Group in Washington, D.C., U.S., global stakeholders acknowledged the positive impact of Nigeria’s economic reforms and gave the country a clean bill of health.

Nigeria could unlock a new wave of economic growth by simply reallocating a small slice of its budget, about one percent of Gross Domestic Product (GDP) from recurrent and administrative expenses to productive sectors like education and infrastructure, the International Monetary Fund (IMF) has said.

Nigeria Not Among Africa's Fastest-Growing Economies - IMF   The International Monetary Fund (IMF) has revealed that Nigeria is not among Africa’s fastest-growing economies, as countries such as Benin Republic, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda continue to lead the continent’s growth trajectory in the world. The...

IMF Raises Nigeria’s 2025 Growth Forecast to 3.9% The International Monetary Fund (IMF) has raised Nigeria’s 2025 growth forecast to 3.9%, citing higher oil output, improved investor confidence, and a stronger fiscal position as key drivers of the projected expansion. The updated figures, contained in the...