Experts fault IMF’s fresh projection of 3.4% GDP growth for Nigeria in 2025, calling it unrealistic given weak oil production, high inflation, and worsening poverty.
Nigeria has cleared its $1.6 billion IMF debt, joining non-debtor nations like Switzerland and China, marking a major financial milestone.
IMF forecasts Nigeria’s inflation to average 26.5% in 2025 following CPI rebasing, with renewed pressure expected in 2026 may spike to 37.0%.
UBA group chairman Tony Elumelu gets appointed to IMF advisory council to help shape the institution’s research and analytical agenda.
WTO and IMF commend Nigeria’s economy reforms under President Tinubu but warn of severe inflation, naira devaluation and corruption
The IMF and World Bank have emphasized the importance of the CBN efforts to control inflation as Nigeria’s inflation rose to 34.8%
IMF projects a slowdown in Nigeria’s economic growth due to the impact of heavy floods and drop in oil production.
