Nigeria, July 30 -- The International Monetary Fund has revised Nigeria's economic growth forecast 2025 to 3.4 per cent, up 0.4 percentage points from its April 2025 projection.

This is according to the Fund's July World Economic Outlook Update released today.

Growth is expected to slow slightly to 3.2 per cent in 2026, which also reflects a 0.5 percentage point increase from the earlier estimate.

The IMF attributes the upward revisions to a more favourable global environment, including lower trade tariffs and improved financial conditions.

Nigeria's performance was grouped under the sub-Saharan Africa region, where growth is projected at 4.0 per cent in 2025 and 4.3 per cent in 2026. While Nigeria's growth outpaces that of South Afri...