Nigeria’s Economy to Outpace U.S., UK, Germany, South Africa in 2026 — Presidency


The Presidency has announced that Nigeria’s economy is showing strong signs of recovery, with new projections indicating the country will record faster economic growth than several major global economies in 2026.

According to the latest World Economic Outlook released in April 2026 by the International Monetary Fund (IMF), Nigeria’s economy is projected to grow by 4.1 percent in 2026, surpassing the expected growth rates of the United States at 2.3 percent, the United Kingdom and Germany at 0.8 percent each, as well as South Africa at 1.0 percent.

According to the report, the IMF further projected that Nigeria’s economy will expand by 4.3 percent in 2027, positioning the country among the strongest-performing economies in Sub-Saharan Africa over the next two years.

Reacting to the report, presidential spokesperson and Special Adviser on Policy Communication to President Bola Ahmed Tinubu, Daniel Bwala, attributed the positive outlook to ongoing economic reforms introduced by the current administration.

In a post shared on his X (formerly Twitter) account, Bwala stated that Nigeria is gradually emerging from economic challenges under Tinubu’s leadership, noting that the IMF forecast reflects growing confidence in the country’s reform agenda.

He emphasized that the projected growth rate of 4.1 percent in 2026 demonstrates that Nigeria is on a path toward economic stabilization and renewed investor confidence, despite global economic uncertainties.

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