The International Monetary Fund (IMF) has revised Nigeria’s economic growth outlook upward, projecting a 3.9 percent growth rate in 2025 and 4.2 percent in 2026, a development described as a strong endorsement of President Bola Ahmed Tinubu’s economic reforms.
The projection, released in the Fund’s latest review, follows a similar move by the World Bank, which last week upgraded Nigeria’s growth forecast to 4.2 percent in 2025 and 4.4 percent by 2027, attributing the positive trend to renewed investor confidence and improved macroeconomic stability.
Reacting to the development, a government spokesperson said the IMF and World Bank upgrades were clear validation of the Tinubu administration’s bold fiscal, energy, trade, and investment reforms.
“These projections are not coincidental; they reflect President Tinubu’s decisive steps in fiscal management and economic restructuring, supported by a competent and forward-looking team,” the statement read in part.
The spokesperson added that the administration’s performance was gradually winning over skeptics and opposition figures.
“The President’s results speak louder than the noise of his critics. Many opposition leaders now recognize the direction in which Nigeria is headed and are joining the ruling All Progressives Congress (APC) out of conviction, not compulsion,” he said.
He further noted that the international community is taking note of the country’s progress, while citizens are beginning to feel the positive impact of the reforms.
“The world is watching, and Nigerians are beginning to experience the benefits of President Tinubu’s policies,” he concluded.
