Economy
Nigeria’s Economy Is Growing Faster Than U.S. and U.K., Says Tinubu Aide, Citing IMF Outlook
A presidential aide has said Nigeria’s economy is on track to expand faster than several advanced economies, citing projections from the International Monetary Fund (IMF).
Daniel Bwala, Special Adviser to President Bola Ahmed Tinubu on Policy Communication, made the statement on his X account while responding to the IMF’s April 2026 World Economic Outlook.
The report estimates that International Monetary Fund projects Nigeria’s growth at 4.1% in 2026. This figure is higher than forecasts for the United States (2.3%), the United Kingdom (0.8%), Germany (0.8%), and South Africa (1.0%).
The IMF also expects Nigeria’s growth to rise slightly to 4.3% in 2027, aligning with the projected average for Sub-Saharan Africa in the same year.
Bwala linked the outlook to ongoing policy measures under President Tinubu’s administration, stating that reforms currently underway are beginning to show measurable effects despite initial economic pressures.
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