The International Monetary Fund has raised its forecast for Nigeria’s economic growth in 2026 to 4.2 per cent, while warning that higher prices for essential goods could worsen poverty and food insecurity.
The Fund projects growth of 4.3 per cent in 2027. The figures appear in its October 2026 World Economic Outlook, presented at the IMF and World Bank annual meetings in Bangkok, according to Premium Times.
The report attributes Nigeria’s outlook to improved macroeconomic stability and favourable trade conditions.
For sub-Saharan Africa, the IMF expects growth of 4.5 per cent in 2026. The report says the regional figure masks differences in countries’ scope to respond to shocks, reform implementation, commodity exposure, climate conditions and access to finance.
Oil-importing economies that are not heavily dependent on natural resources face greater pressure from higher energy and food prices, the report says. Some larger economies continue to benefit from earlier stabilisation and reforms, even as declining development assistance creates additional difficulties.
Source: Premium Times
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