IMF Upgrades Nigeria’s 2026 Economic Growth Forecast to 4.4%

The International Monetary Fund (IMF) has revised its economic growth projection for Nigeria upward to 4.4 percent for 2026, an improvement from its previous estimate of 4.2 percent.

This upgrade, detailed in the IMF’s World Economic Outlook report released on Monday, aligns with the World Bank’s recent adjustment, which also set its forecast at 4.4 percent earlier this month.

The IMF anticipates a slight moderation in Nigeria’s growth to 4.1 percent in 2027. For the broader Sub-Saharan African region, the fund projects an expansion of 4.4 percent in 2026.

Globally, economic growth is expected to reach 3.3 percent this year before easing to 3.2 percent in 2027. This marks an upward revision from the 3.1 percent forecast in October 2025.

The IMF attributed the improved global outlook to robust technology investment, supportive fiscal and monetary policies, favorable financial conditions, and private sector resilience. However, it cautioned that risks remain, including technological shifts and escalating geopolitical tensions.