Nigeria is projected to grow faster than several leading global economies in 2026, according to the latest economic outlook referenced by the administration of President Bola Ahmed Tinubu, signalling renewed optimism about the country’s reform trajectory.
The projection was highlighted by presidential adviser Daniel Bwala, who cited findings from the International Monetary Fund’s April 2026 World Economic Outlook.
According to the report, Nigeria’s economy is expected to expand by 4.1 percent in 2026 outpacing the United States (2.3 percent), United Kingdom (0.8 percent), Germany (0.8 percent), and South Africa (1.0 percent). Growth is further forecast to rise to 4.3 percent in 2027, positioning Nigeria among the stronger-performing economies in Sub-Saharan Africa.
Bwala attributed the improving outlook to a series of economic reforms introduced under Tinubu’s leadership, describing them as difficult but necessary steps toward long-term stability.
“Nigeria is turning the corner under the visionary leadership of President Bola Ahmed Tinubu,” he said, adding that the IMF projections reflect early gains from the administration’s policy direction. “The President is seriously fixing the economy.”
The IMF report also points to a more subdued outlook for advanced economies, with the euro area projected to grow by 1.1 percent and Japan at 0.7 percent in 2026. Global growth is estimated at 3.1 percent, while emerging and developing economies are forecast at 3.9 percent.
ELIJAH ADEYEMI
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