The Presidency has said Nigeria’s economy is now expanding at a faster rate than those of the United States and the United Kingdom, attributing the development to ongoing reforms under President Bola Ahmed Tinubu
The claim was made by Daniel Bwala, Special Adviser to the President on Policy Communication, in a post on his X account following the release of the International Monetary Fund (IMF) World Economic Outlook for April 2026.
According to the IMF projections, Nigeria’s economy is expected to grow by 4.1% in 2026, higher than the United States at 2.3%, the United Kingdom and Germany at 0.8% each, and South Africa at 1.0%. The report also forecasts a further growth rate of 4.3% in 2027, placing Nigeria among the top performers in Sub-Saharan Africa, where the average growth rate is projected at 4.3% in 2026.
Bwala said the figures reflect the positive impact of President Tinubu’s economic reforms, which he noted are beginning to produce visible 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 pointed to Nigeria’s resilience amid global economic challenges, crediting structural reforms in areas such as fiscal policy, energy, and trade for supporting the country’s growth momentum.
