IMPI predicts higher GDP growth for Nigeria
The Independent Media and Policy Initiative has projected that Nigeria’s GDP will reach 5.5 per cent in 2026, crediting the new economic model under President Bola Tinubu. The group’s outlook surpasses forecasts from the World Bank and International Monetary Fund. According to the policy statement signed by Dr Omoniyi Akinsiju, the shift from oil dependency to policy-driven economic facilitation is driving optimism. Multiple economic commentators and institutions have also revised their growth expectations for Nigeria.
TLDR
- The Independent Media and Policy Initiative forecasts Nigeria’s GDP to grow by 5.5 per cent in 2026, citing the economic model of Bola Tinubu’s administration.
- The IMF projects a 4.4 per cent GDP growth for Nigeria in 2026, which is its highest projection for the country in 17 years.
- The Lagos Chamber of Commerce and Industry predicts a seven per cent growth, while the Nigeria Economic Summit Group projects 5.5 per cent for 2026.
- PwC estimates a 4.3 per cent growth, and the World Bank has revised its projection to 4.4 per cent.
- The consensus among institutions points to improved production, foreign exchange stability, and increased foreign direct investment due to policy-driven facilitation.
