Nigeria to Reclaim Position as Africa’s 3rd Largest Economy by 2026 — IMF Forecast
Reported by David Joshua | Sele Media Africa
ABUJA, NIGERIA – October 25, 2025 —
Nigeria is projected to reclaim its spot as Africa’s third-largest economy by 2026, according to a new economic outlook by the International Monetary Fund (IMF). The forecast places Nigeria’s nominal GDP at $334.34 billion, behind only South Africa and Egypt.
This anticipated rise is credited to a mix of ongoing economic reforms, increased oil revenues, and policy measures aimed at restoring investor confidence and macroeconomic stability.
Among the key drivers of this growth is the removal of fuel subsidies, a move that has freed up government revenue for investment in critical infrastructure and social programs. Additionally, efforts by the Central Bank to stabilize the naira and manage inflation have contributed to improving economic indicators.
“Nigeria’s resilience is being tested, but the trajectory shows promise,” analysts note. “Sustained reforms are now translating into tangible signs of recovery.”The report also highlights challenges such as inflation, unemployment, and foreign exchange pressures, but maintains that consistent policy direction could improve living standards over time.
As Nigeria eyes economic recovery and global relevance, this projection is a signal to both policymakers and the private sector that long-term structural reforms are beginning to yield results.
Sele Media Africa will continue tracking the story as it develops.
Citations:
- Business247News: business247news.com/2025/10/24/imf-projects-nigeria-returns-to-third-largest-economy-in-africa-in-2026/?utm_source=chatgpt.com
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