Nigeria’s economy set to outpace U.S. and UK, says President Tinubu’s Adviser, Bwala

The Presidency has announced that Nigeria’s economic prospects are improving, with expectations that the country will experience faster growth than major advanced economies, including the United States, United Kingdom, Germany, and South Africa, by 2026.

This information was provided by Daniel Bwala, Special Adviser to President Bola Ahmed Tinubu on Policy Communication, in response to the latest International Monetary Fund (IMF) World Economic Outlook released in April 2026.

The IMF report predicts that Nigeria’s economy will grow by 4.1% in 2026, outpacing the U.S. at 2.3%, the UK at 0.8%, Germany at 0.8%, and South Africa at 1.0%. Further growth of 4.3% is anticipated for 2027, positioning Nigeria among the top performers in Sub-Saharan Africa, where the regional average for 2026 is projected at 4.3%.

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Bwala credited this optimistic forecast to the ongoing reforms implemented by President Bola Ahmed Tinubu’s administration. “Under President Bola Ahmed Tinubu’s visionary leadership, Nigeria is making significant progress,” he stated on X, emphasizing that the IMF’s projections indicate stronger growth than that of many advanced economies. He acknowledged that the reforms have faced challenges but are starting to show positive results.

“President Tinubu is committed to seriously addressing the economy,” he added.

The IMF report also forecasts slower growth among advanced economies, with the U.S. expected to grow at 2.3%, the Euro Area at 1.1%, and Japan at 0.7% in 2026. Global growth is estimated at 3.1%, while emerging and developing economies are projected to grow at 3.9%.