IMF predicts stronger growth for Nigeria but warns on inflation
The International Monetary Fund (IMF) has projected that Nigeria’s economy will grow by 4.4 per cent in 2026, citing improving macroeconomic conditions. The IMF also warned the Federal Government against reversing recent economic reforms, highlighting the importance of sustaining progress. Dr Christian Ebeke, IMF’s Country Representative for Nigeria, emphasized that inflation remains a significant challenge. The IMF’s latest report also noted that growth in sub-Saharan Africa is expected to strengthen further.
TLDR
- The IMF forecasts Nigeria’s economy to grow by 4.4 per cent in 2026, up from 4.2 per cent in 2025.
- Dr Christian Ebeke cautioned that reversing economic reforms could erode recent gains.
- Inflation in Nigeria remains in double digits, limiting policy flexibility.
- The IMF projects headline inflation to fall to 3.8 per cent in 2026 and 3.4 per cent in 2027 globally.
- The IMF urges central banks to maintain independence and adapt policies to ensure price stability.
