The Presidency has said Nigeria’s economy is now growing at a faster rate than those of the United States and the United Kingdom, attributing the improvement to ongoing economic reforms under President Bola Ahmed Tinubu.
The statement was made by Daniel Bwala, Special Adviser to the President on Policy Communication, in a post on his X handle following the release of the International Monetary Fund (IMF) World Economic Outlook for April 2026.
Based on the IMF projections, Nigeria’s economy is expected to grow by 4.1% in 2026, compared to 2.3% for the United States, 0.8% for the United Kingdom, 0.8% for Germany, and 1.0% for South Africa. The report also projects Nigeria’s growth at 4.3% in 2027, placing the country among the strongest performers in Sub-Saharan Africa, where the regional average is also estimated at 4.3% for 2026.
Bwala said the figures reflect the positive impact of President Tinubu’s reform agenda, adding that the administration’s policies are beginning to show tangible results.
“Nigeria, under the visionary leadership of President Bola Ahmed Tinubu, is turning the corner. Our economy is growing at 4.1% in 2026, faster than the US, UK, Germany, and even South Africa. Slowly but steadily, the reforms are showing tangible fruits. President Tinubu is not joking; he is seriously fixing the economy,” he wrote.
The IMF outlook also highlighted Nigeria’s resilience amid global economic uncertainties, noting that structural reforms in sectors such as fiscal management, energy, and trade have helped support the country’s growth trajectory.
