• About
  • Advertise
  • Contact
Monday, June 2, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

IMF Projects 0.2pct Drop In Economic Growth Rate Of Nigeria In 2025

Vital News by Vital News
April 22, 2025
in Economy
0
IMF Projects 0.2pct Drop In  Economic Growth Rate Of Nigeria In 2025
Share on FacebookShare on Twitter

The International Monetary Fund (IMF) has projected that Nigeria’s economy will grow by 3.0 per cent in 2025, this is according to its latest World Economic Outlook report released on Tuesday.

However, the current Medium Term Expenditure Framework (MTEF) forecasts the economy to grow at 4.6 per cent in 2025, yet with targets of the last ten years missed by an average of 41.57 per cent, this may become another hopeful projection.

The organisation also projects a 2.7% growth rate for the country in 2026.

The global financial institution noted that while Nigeria faces significant challenges, particularly with inflation, forex volatility, and weak infrastructure.

It furthered that recent policy adjustments, such as the partial unification of exchange rates and removal of fuel subsidies, could enhance investor confidence and stimulate economic activity if properly implemented.

RelatedStories

Governor Ododo Inaugurates BOI Office In Lokoja, Charges Business Owners To Embrace bank

Gov. Ododo Offsets N98.8billion Debts Inherited From Wada, Bello Administrations

Presidency Welcomes Moody’s Upgrade Of Nigeria’s Credit Rating

Niger Seeks Dangote Group’s Partnership To Unlock Crude Oil Potentials

The new forecast represents a 0.2 percentage point reduction from the Fund’s previous projection of 3.2%.

According to the report: “For sub-Saharan Africa, growth is expected to decline slightly from 4.0% in 2024 to 3.8% in 2025, before recovering modestly to 4.2% in 2026.

“Among the larger economies, the growth forecast for Nigeria is revised downward by 0.2 percentage point for 2025 and 0.3 percentage point for 2026, owing to lower oil prices.”

The IMF also noted similar economic pressures affecting other major African economies: “In South Africa, the growth forecast is revised downward by 0.5 percentage point for 2025 and 0.3 percentage point for 2026, reflecting slowing momentum from a weaker-than-expected 2024 performance, deteriorating sentiment due to heightened uncertainty, intensification of protectionist policies, and a deeper slowdown in major economies.”

In a more drastic revision, the IMF also slashed South Sudan’s 2025 forecast: “South Sudan has a downward revision of 31.5 percentage points for 2025 due to delays in resuming oil production following damage to a key pipeline.” (vitalnewsngr.com)

Tags: EconomyIMFNigeriarate
Previous Post

Pope Francis For Burial Saturday, April 26

Next Post

FG’s Naira-for-crude Policy, Lasting Solution To High Cost Of Living -TMSG

Vital News

Vital News

RelatedStories

Governor Ododo Inaugurates BOI Office In Lokoja, Charges Business Owners To Embrace bank
Business

Governor Ododo Inaugurates BOI Office In Lokoja, Charges Business Owners To Embrace bank

June 2, 2025
Ododo, Minister, Other Stakeholders Laud Kogi’s Groundbreaking Annual Media Repor
Economy

Gov. Ododo Offsets N98.8billion Debts Inherited From Wada, Bello Administrations

June 2, 2025
President Bola Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector
Economy

Presidency Welcomes Moody’s Upgrade Of Nigeria’s Credit Rating

June 1, 2025
NSF Tragedy : Abiodun Sends Delegation To Kano, Supports Victims’ Families With N31mln
Economy

Niger Seeks Dangote Group’s Partnership To Unlock Crude Oil Potentials

June 1, 2025
Tinubu, Dangote Refinery And Mele Kyari’s Sack
Business

Nigeria To Host 2025 West Africa Economic Summit

May 31, 2025
Next Post
NNPCL Unveils New Senior Management Team

FG's Naira-for-crude Policy, Lasting Solution To High Cost Of Living -TMSG

FG Appoints Eight Deputy Corps Marshalls For FRSC

FRSC Confirms 6 Dead, 5 Injured In Kogi Multiple Road Accident

Terrorists Kill 20 Nigerian Soldiers In Attack On Military Camp In Borno

RSM Condemns Killings In Benue, Plateau, Suggests Community Policing To Protect Locals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

NCS appoints Abubakar Umar NPRO

3 years ago

10 Northern APC governors back Southern presidential candidate

3 years ago
NDLEA To Conduct Random Drug Test On Nigeria League Players, NPFL Agrees

NDLEA To Conduct Random Drug Test On Nigeria League Players, NPFL Agrees

1 year ago
Flooding : Lagos Begins Removal Of Structures On Drainage Setback

Death Toll From Lagos Cholera Outbreak Rises To 15

12 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu Women
No Result
View All Result

Highlights

Ododo Came Right On Time To Rescue Kogi From Stagnation, Underdevelopment, Says Media Aide, Isah

FG Declares June 6 And June 9 Eid-el-Kabir Holidays

NDLEA Arrests Three Kano – based Drug Barons Behind Smuggling Of Cocaine To Saudi Arabia

Dangote Refinery Symbolises Hope For Africa – ECOWAS Leaders

NEMA Confirms 151 Dead, 3,018 Persons Displaced In Mokwa Flood

Presidency Welcomes Moody’s Upgrade Of Nigeria’s Credit Rating

Trending

Governor Ododo Inaugurates BOI Office In Lokoja, Charges Business Owners To Embrace bank
Business

Governor Ododo Inaugurates BOI Office In Lokoja, Charges Business Owners To Embrace bank

by Vital News
June 2, 2025
0

By Abah Benjamin Eneojoh Lokoja Governor Ahmed Usman Ododo of Kogi State on Monday,inaugurated a branch of...

Police Recover Five AK-47 Rifles, 347 Bullets, Eight Magazines Inside Abandoned Vehicle In Kogi

Police Recover Five AK-47 Rifles, 347 Bullets, Eight Magazines Inside Abandoned Vehicle In Kogi

June 2, 2025
Ododo, Minister, Other Stakeholders Laud Kogi’s Groundbreaking Annual Media Repor

Gov. Ododo Offsets N98.8billion Debts Inherited From Wada, Bello Administrations

June 2, 2025
Ododo Came Right On Time To Rescue Kogi From Stagnation, Underdevelopment, Says Media Aide, Isah

Ododo Came Right On Time To Rescue Kogi From Stagnation, Underdevelopment, Says Media Aide, Isah

June 2, 2025
FG Declares June 6 And June 9 Eid-el-Kabir Holidays

FG Declares June 6 And June 9 Eid-el-Kabir Holidays

June 2, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Governor Ododo Inaugurates BOI Office In Lokoja, Charges Business Owners To Embrace bank June 2, 2025
  • Police Recover Five AK-47 Rifles, 347 Bullets, Eight Magazines Inside Abandoned Vehicle In Kogi June 2, 2025
  • Gov. Ododo Offsets N98.8billion Debts Inherited From Wada, Bello Administrations June 2, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In