₦airaland Forum

The International Monetary Fund (IMF) has upgraded its forecast for Nigeria’s economic growth to 3.4 per cent in 2025.

The new forecast represents a 0.4 percentage point decrease from the 3.0 percent forecast of the IMF in April this year.

Similarly, the IMF raised its forecast for the country’s economic growth for 2026 to 3.2 percent, representing a 0.5 percentage point increase from 2.7 percent in April.

The IMF announced the new forecast in its July 2025 edition of the World Economic Outlook (WEO), which also showed an upward revision of the forecast for global economic growth to 3.0 percent for 2025 and 3.1 percent for 2026.

The new forecast for global economic growth in 2025 represents an increase of 0.2 percentage points compared to the reference forecast in the April 2025 WEO, while the outlook for 2026 is up by 0.1 percentage points.

In the same vein, the IMF raised its forecast for the Sub-Saharan African region to 4.0 percent for 2025 and 4.3 percent for 2026, representing a 0.2 percentage point increase from 3.8 percent and a 0.1 percentage point increase from 4.2 percent, respectively, projected in the April 2025 WEO.

“Growth is expected to be relatively stable in 2025 in sub-Saharan Africa at 4.0 percent, before picking up to 4.3 percent in 2026,” the IMF said.

IMF’s Chief Economist, Pierre-Olivier Gourinchas, explained that the upward review of the global economic growth forecast reflects stronger-than-expected front-loading, lower tariff rates compared to early April, easier financial conditions, including a weaker US dollar and fiscal expansion in some jurisdictions.

Gourinchas added that overall, risks to the outlook remain tilted to the downside, as was the case in the April WEO.

“Risks remain tilted to the downside. A breakdown in trade talks or renewed protectionism could dampen growth globally and fuel inflation in some countries. Persistent uncertainty may weigh on investment, while geopolitical tensions and fiscal vulnerabilities pose additional threats. Financial conditions have eased, but they could tighten abruptly, especially in case of threats to central bank independence. On the upside, breakthroughs in trade negotiations could boost confidence and structural reforms could lift long term productivity,” added Gourinchas.

Consequently, the IMF advised policymakers to implement economic policies to bring confidence, predictability, and sustainability by calming tensions, preserving price and financial stability, restoring fiscal buffers, and implementing much-needed structural reforms.

“Reducing policy uncertainty is essential. This is especially true for trade policy, where the global economy needs clear, transparent and predictable rules. Many countries need to address fiscal vulnerabilities and rebuild fiscal buffers even if they face increased spending needs. Central banks must maintain price and financial stability while preserving independence. Exchange rate flexibility remains key, even if some tailored interventions may be appropriate in certain cases in line with our integrated policy framework. Finally, structural reforms that ease policy tradeoffs and support long term growth remain essential to long term prosperity,” said Gourinchas.

helinues:
Yeeh. Sweet news. So many things to use to campaign for his Excellency reelection

And please save me the story of price of food, the productive Nigerians are already feeling the positive impacts of this government politics and reforms.

SmartPolician:
And you are supposedly one of them, right?

For coming online every day to defend E-Bola

abc115:
https://www.vanguardngr.com/2025/07/imf-upgrades-nigerias-economic-growth-forecast-to-3-4/

Front0lane:
Peter Obi will be wailing over this report someone close ti him should hide this info from him before we see him N_K_D in the market sq.

PlasmaTV:
Why are you so obsessed with Peter Obi?
You've posted more about him than you have about any other person.

Na swear??

helinues:
Yeeh. Sweet news. So many things to use to campaign for his Excellency reelection

And please save me the story of price of food, the productive Nigerians are already feeling the positive impacts of this government politics and reforms.

helinues:
Yeeh. Sweet news. So many things to use to campaign for his Excellency reelection

And please save me the story of price of food, the productive Nigerians are already feeling the positive impacts of this government politics and reforms.

abc115:
https://www.vanguardngr.com/2025/07/imf-upgrades-nigerias-economic-growth-forecast-to-3-4/

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

FatherLord:
The productive Nigerians don’t buy food stuffs, they don’t enter transport, their kids stays at home, they don’t also pay rent isn’t your government suppose to be the government for all Nigerians .

Or is there a different location for the productive Nigerian

anonimi:
The eyesore on Bourdillon Road
2nd January 2025

Beyond his neighbours, there is something about the sight of people hanging around a president’s residence that does not speak well of his leadership capabilities. Maybe no one has nudged him to see it, but the impression that spectacle on Bourdillon Road generates is that Tinubu enjoys the sight of suffering humans and thrives in—and through— their poverty.

If all these years, impoverished people hang around you and you remain comfortable enough to keep them just so they can be handed tokens of your large heart, then it means you have a pro-poverty mindset. Such a frame of mind is oriented toward cultivating poverty rather than stimulating abundance.

That is why he could unproblematically relate the story of his “friend” who went from using five Rolls Royce to a far-less valued car and not consider the import of the nonsense he was saying. That spurious account was an indication that this is a man for whom poverty—of others, not himself—is an ideal.

https://punchng.com/the-eyesore-on-bourdillon-road/

RenoOkriTheGoat:
Another cheap propaganda meant to deceive gullible people.

anonimi:
May 1, 2025

May Day: Hunger, unemployment, insecurity real— Tinubu

According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/

malali:
Where was this information obtained ? I looked at the IMF website.

There is nothing to this effect. Please verify and show us the original source, not just Nigerian newspapers.

Show us the link of where IMF said this.....We should be careful with spreading false information.