₦airaland Forum

IMF Growth Projections for 2025
🇺🇸 US: 2.0%
🇩🇪 Germany: 0.2%
🇫🇷 France: 0.7%
🇪🇸 Spain: 2.9%
🇬🇧 UK: 1.3%
🇨🇳 China: 4.8%
🇯🇵 Japan: 1.1%
🇮🇳 India: 6.6%
🇷🇺 Russia: 0.6%
🇧🇷 Brazil: 2.4%
🇸🇦 Saudi Arabia: 4.0%
🇳🇬 Nigeria: 3.9%

Northernblood8:
Don't be deceived. We are recovering not growing. If you lost 10,000 naira and then recovered 500 naira, you've actually not made any progress

seunmsg:
https://www.imf.org/en/Publications/WEO/Issues/2025/10/14/world-economic-outlook-october-2025?cid=sm-com-x-AM2025-WEOEA2025002

https://x.com/imfnews/status/1981760162718527636?s=46[/quote]What a terrible thing that happened to our country in 2015, when Tinubu made his expired soldier APC president, promising change only to destroy the prosperity handed over by PDP.

How did we end up with APC’s extreme poverty shege that Tinubu has worsened to the extra level?

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/

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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/

givedemwotowoto:
Nigeria is growing like an already developed country, shameful! Devloping countries should be seeing at least 6% to 10% growth annually

Abdul05:
This is a sign that the economy is finally responding to reforms..

And, if you say the growth still feels slow on the street..yes, you are right..

But l want you know that rebuilding economy takes times..
Let us be patient..

Buhari not sound in economy, foreign affairs —Obasanjo

“I will tell you what I know and I will tell you what I don’t know. I know Gen. Muhammadu Buhari. He served under me in the military. His characteristics that I know, his behaviour that I know, he has not deviated from them. He was never a perfect man, he is not a perfect man and no leader can ever be a perfect man because they are human beings.

But if you read my book, what I said about him is correct. He is not a hot person when it comes to economy. He is not a very hot person when it comes to foreign affairs. But he will do well in matters of military and he will do well in fighting Boko Haram.”

https://punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/?amp

anonimi:
March 21, 2011

Tinubu rules out alliance with CPC

Prospect of a possible alliance between the Action Congress of Nigeria, ACN and Congress for Progressive Change, CPC, was dashed yesterday in Kano as the leader of the party and former governor of Lagos State, Asiwaju Ahmed Bola Tinubu described CPC as parading “expired leadership.”

Tinubu told ACN supporters in Kano during the party’s Presidential rally that: “What Nigerians need now is a transformation in leadership” as obtained in the advanced economy.

The two-term Governor of Lagos State explained that the leadership of ACN was offering Nigeria the brilliance of Nuhu Ribadu who, he said, is in the class of Nicolas Sarkozi of France, David Cameron of Britain, Medvedev of Russia and Barack Obama of the United States of America.

“What has CPC got to offer? We certainly don’t need expired leadership as we are offering the best in terms of brilliance, courage and patriotism in the class of Sarkozi of France, David Cameron of Britain and Barack Obama of the USA.”

Tinubu’s position came on the heels of Ribadu’s declaration penultimate week in Kaduna when he hinted during a political rally of a joint ticket between the two opposition parties to confront the dominance of the Peoples Democratic Party, PDP.

The national leader of ACN criticised President Goodluck Jonathan for shying away from the national debate held last Friday, stressing that”that singular act exposed Jonathan as a coward who has nothing to offer.”

http://www.vanguardngr.com/2011/03/tinubu-rules-out-alliance-with-cpc/

seunmsg:
When you are sick and have lost weight considerably, the first task of doctors is to stabilize your condition. After stability is achieved, the recovery process begins. After full recovery, we then start talking about growth.

The IMF and lots of other international organizations that are projecting Nigeria for growth know far more than you. They’ve seen all the indices and they are very confident in projecting a GDP growth rate of 4.2 for the country in 2026.

seunmsg:
India is the only country among the emerging and developing countries that had a higher GDP projection for 2026. Figures don’t lie buddy.

malali:
weaponization of illiteracy

Lanrelagboi:
Lagos has now crossed the 3 Trillion Naira annual budget mark. Crossed 2 Trillion in 2024.

Memory Lane: the first full-year Lagos State budget (Year 2000) in the 4th Republic was in the region of 40-something billion Naira. And it was described as “unprecedented” back then.


https://x.com/toluogunlesi/status/1877326708904181856?t=R_xycXnffVtjtiWwoGCzAQ&s=19[/quote]>>;
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anonimi:
Ratio of public to private schools in Lagos State is one to 22 ― Commissioner
September 4, 2022

The Lagos State government has said the ratio of public to private schools at both primary and secondary school levels in the state is one to 22.

The state’s Commissioner for Education, Mrs Folasade Adefisayo, gave the revelation in her remark at the 2022 edition of the Total School Support Seminar Exhibition (TOSSE) held at Oregun in Ikeja between Thursday and Friday.

https://tribuneonlineng.com/ratio-of-public-to-private-schools-in-lagos-state-is-one-to-22-%E2%80%95-commissioner/

Northernblood8:
Who made me sick before? We are talking about tax reforms that will further impoverish vulnerable Nigerians and you are talking about stability. Tinubu is taxing Nigerians to death just to paint these fake pictures about Nigeria growing in wealth. Why are South Africans still have better living conditions than Nigeria even though we've been performing better than them since this year according to these white mans projection?

givedemwotowoto:
Nigeria was once one of the fastest growing emerging economies of the world before Tinubu brought APC to destroy everything

seunmsg:
Just yesterday, FATF delisted Nigeria from the global Monty laundering watchlist. Today, IMF has announced its projection of Nigeria has one of the developing countries to watch in the coming year. Nigeria is now ranked among the global emerging and developing markets alongside countries like China, Saudi Arabia, India, Brazil etc. in fact, only Nigeria and South Africa were so rated from Africa with Nigeria emerging with a better growth rate outlook than South Africa.

Like we’ve argued severally, the best decision Nigeria made in 2023 was electing Bola Tinubu as president. The dead economy is now back to live and roaring to explode. Food process has gone down considerably and the gains of the reforms are now trickling down gradually.

While a lot still needs to be done to set the economy on the path of sustained growth and shared prosperity, we must admit that we are on the right path with the current administration.

Of course, I expect Mr. Agbotikuyi Peter Obi and his gang of hate filed pessimist to miss this news as they are only interested in negativity. For well meaning Nigerias and indeed the international community, we keep our faith in the believe that Nigeria is finally on the right track.

malali:
Weaponized illiteracy

Percent growth without context is misleading; base effects can turn “good” numbers into bad outcomes.

The IMF table shows percent changes, not the quality of the starting point. Example: on a positive base, 1% of $10 billion = $100 million, that’s real expansion. But if you’re starting from a hole, percentages can hide pain. Two ways people misuse “growth” from a negative $10 billion:

• If “growth” means a 4% increase applied to a negative base, you get -10B × 1.04 = -$10.4B (the deficit is worse).

• If “growth” means improving by 4% toward zero, it’s -10B × 0.96 = -$9.6B (still deeply negative).

So don’t be carried away by window‑dressed percentages. Without knowing the base, the balance sheet health, and real purchasing power, a headline like “4% growth” can still mean households are worse off, deficits persist, and the economy isn’t truly improving.

seunmsg:
Only illiterates, pessimists, obidients and haters of Nigeria would be against the tax reforms of this administration. This government has lowered corporate tax rate more than any government in the history of this country. Even for personal income tax, this is the first government to waive the taxation of the first 800k income for every Nigerians.

See, you guys can keep lying about the tax reforms, it’s a lie that has an expiry date as implementation will commence in January 2026. When workers receive their January 2026 payslip and notice their PAYE has reduced compared to what they paid in December 2026, they will be the ones to come online and fight you liars and propagandists. So till then, I won’t waste my time engaging anyone on the effect of the new tax laws.

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/

chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.


https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

seunmsg:
Nigeria does not exist in isolation to global economic situation. In the same 2010 that you are talking about, China and India had a GDP of 10.4% and 10.3% respectively. Today, IMF is projecting same China and India’s GDP to grow in 2026 by 4.2 and 6.2 respectively. So, did Tinubu also brought APC to destroy and slowdown China and India’s economic growth?

malali:
Weaponized illiteracy

Percent growth without context is misleading; base effects can turn “good” numbers into bad outcomes.

The IMF table shows percent changes, not the quality of the starting point. Example: on a positive base, 1% of $10 billion = $100 million, that’s real expansion. But if you’re starting from a hole, percentages can hide pain. Two ways people misuse “growth” from a negative $10 billion:

• If “growth” means a 4% increase applied to a negative base, you get -10B × 1.04 = -$10.4B (the deficit is worse).

• If “growth” means improving by 4% toward zero, it’s -10B × 0.96 = -$9.6B (still deeply negative).

So don’t be carried away by window‑dressed percentages. Without knowing the base, the balance sheet health, and real purchasing power, a headline like “4% growth” can still mean households are worse off, deficits persist, and the economy isn’t truly improving.

anonimi:
Who destroyed the economy in the first place? Could it be the man that Obasanjo was aware of how clueless he was but endorsed him nevertheless?



Could he be the man Tinubu described as expired in 2011 but made him president nevertheless?

Abdul05:
True talk, some people in power before helped crash the system..

But if we keep dragging the history, we will miss the future...

givedemwotowoto:
China has grown tremendously over the past 15 years so a slower growth is expected. So has India. Nigeria is supposed to be growing faster than both China and India especially after experiencing a recession, just like South Sudan. To make matters worse, it has even dropped out of the fastest growing economies in Africa. Tinubu really destroyed Nigeria’s economy. Nigeria deserves better.

Northernblood8:
Don't be deceived. We are recovering not growing. If you lost 10,000 naira and then recovered 500 naira, you've actually not made any progress

Almunjid:
It's surprising to see so much hatred for your home country simply because your preferred candidate lost. I wouldn't be surprised if you succumb to depression due to the recent progress Nigeria has made.

Dicoomoba:
Tinubu is a Yoruba man with sense so leave it for him

seunmsg:
When you are sick and have lost weight considerably, the first task of doctors is to stabilize your condition. After stability is achieved, the recovery process begins. After full recovery, we then start talking about growth.

The IMF and lots of other international organizations that are projecting Nigeria for growth know far more than you. They’ve seen all the indices and they are very confident in projecting a GDP growth rate of 4.2 for the country in 2026.

Northernblood8:
Don't be deceived. We are recovering not growing. If you lost 10,000 naira and then recovered 500 naira, you've actually not made any progress

seunmsg:
Just yesterday, FATF delisted Nigeria from the global Money laundering watchlist. Today, IMF has announced its projection of Nigeria has one of the developing countries to watch in the coming year.

Nigeria is now ranked among the global emerging and developing markets alongside countries like China, Saudi Arabia, India, Brazil etc. In fact, only Nigeria and South Africa were so rated from Africa with Nigeria having a better growth rate outlook than South Africa.

Like we’ve argued severally, the best decision Nigeria made in 2023 was electing Bola Tinubu as president. The dead economy is now back to life and roaring to explode. Food prices has gone down considerably and the gains of the reforms are now trickling down gradually.

While a lot still needs to be done to set the economy on the path of sustained growth and shared prosperity, we must admit that we are on the right path with the current administration.

Of course, I expect Mr. Agbotikuyi Peter Obi and his gang of hate filed pessimist to miss this news as they are only interested in negativity. For well meaning Nigerias and indeed the international community, we keep our faith in the believe that Nigeria is finally on the right track.