The Presidency says the IMF’s upgraded growth forecast for Nigeria proves President Tinubu’s reforms are working, citing gains in fiscal management, trade, and investment confidence.
The Presidency has welcomed the International Monetary Fund’s upward revision of Nigeria’s economic growth forecast, describing it as evidence that President Bola Tinubu’s reforms are yielding results.
The IMF, during the World Bank and IMF Annual Meetings in Washington, raised Nigeria’s GDP growth projection to 3.9 per cent for 2025 and 4.2 per cent for 2026, up from 3.4 per cent in July.
In a statement posted on X, Presidential aide Daniel Bwala said the improved outlook reflects the “competence and foresight” of Tinubu’s economic team. “These projections are not coincidental; they are the result of bold reforms in fiscal management, energy, trade, and investment,” he said.
Bwala added that opposition governors were joining the APC “out of conviction” as the President’s “silent but solid progress” reshapes the political landscape.
The IMF credited Nigeria’s growth resilience to higher oil output, fiscal reforms, and renewed investor confidence.