“Nigeria Expanding Faster Than US, UK” – Daniel Bwala Cites IMF Report

• The Presidency, through Daniel Bwala, says Nigeria’s economy is improving, citing IMF projections that show the country outpacing several advanced economies by 2026, with growth driven by ongoing reforms.
• According to the IMF report, Nigeria’s economy is projected to grow by 4.1% in 2026, exceeding growth forecasts for countries such as the United States (2.3%), the United Kingdom (0.8%), Germany (0.8%), and South Africa (1.0%).

The Nigerian Presidency has expressed optimism about the country’s economic outlook, stating that Nigeria is on track to grow faster than several major advanced economies by 2026.

This position was conveyed by Daniel Bwala, Special Adviser to President Bola Ahmed Tinubu on Policy Communication, while reacting to the latest World Economic Outlook released by the International Monetary Fund in April 2026.

According to the IMF report, Nigeria’s economy is projected to grow by 4.1% in 2026, exceeding growth forecasts for countries such as the United States (2.3%), the United Kingdom (0.8%), Germany (0.8%), and South Africa (1.0%). The report also projects a 4.3% growth rate for Nigeria in 2027, aligning with the Sub-Saharan Africa regional average for 2026.

Reacting to the projections, Bwala attributed the anticipated growth to ongoing economic reforms under the Tinubu administration.

“Nigeria, under the visionary leadership of President Bola Ahmed Tinubu, is turning the corner,” he said, noting that the IMF projections indicate stronger growth compared to several advanced economies.

He acknowledged that the reforms have been difficult but insisted they are beginning to produce results.

“President Tinubu is not kidding; he is seriously fixing the economy,” he added.

The IMF report also highlighted slower growth expectations for developed economies, with the United States projected at 2.3%, the Euro Area at 1.1%, and Japan at 0.7% in 2026. Globally, growth is estimated at 3.1%, while emerging and developing economies are forecast at 3.9%.