The International Monetary Fund (IMF) has projected that Nigeria’s economy will grow by 3.0 per cent in 2025.
The projection was contained in its latest World Economic Outlook report released on Tuesday.
The projection is below that of the federal government in its current Medium Term Expenditure Framework (MTEF) which forecasts the economy to grow at 4.6 per cent in 2025.
The organisation also projected a 2.7 per cent growth rate for the country in 2026.
The global financial institution noted that while Nigeria faces significant challenges, particularly with inflation, forex volatility, and weak infrastructure, recent policy adjustments, such as the partial unification of exchange rates and removal of fuel subsidies, could enhance investor confidence and stimulate economic activity if properly implemented.
