By Otobong Gabriel, Abuja
Nigeria’s economy is set for a significant boost, with the International Monetary Fund (IMF) projecting the country’s Gross Domestic Product (GDP) to hit approximately $334 billion in 2026.
If achieved, the figure would position Nigeria as Africa’s third-largest economy, climbing ahead of several regional peers and reinforcing the country’s renewed economic momentum.
The positive outlook comes amid ongoing reforms aimed at stabilising the financial system and improving investor confidence. Analysts say stronger oil production, rising foreign exchange inflows, and tighter monetary policies are beginning to yield results, supporting broader economic recovery.
Recent measures to improve exchange-rate management, boost revenue generation, and attract foreign investment are also expected to drive growth across key sectors, including energy, manufacturing, and services.
While challenges such as inflation and cost-of-living pressures remain, the IMF’s projection signals growing optimism about Nigeria’s medium-term prospects and its ability to reclaim a leading position among Africa’s largest economies.
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