• About
  • Advertise
  • Contact
Friday, June 6, 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

IMPI Projects 5.4% Growth In GDP For Nigeria In 2025

Vital News by Vital News
March 2, 2025
in Economy, News
0
Share on FacebookShare on Twitter

The Independent Media and Policy Initiative (IMPI) is projecting that Nigeria’s Gross Domestic Product (GDP) will grow by 5.4 per cent in 2025 on the back of the 3.4 per cent 2024 growth.

This according to the policy think tank is based on the year-on-year impact of the economic policies of the Tinubu administration since 2023.

In a policy statement signed by its Chairman, Dr Niyi Akinsiju, IMPI argued that Nigeria will again outperformed the 2024 projections by global financial entities this year.

It said : “We have reviewed Nigeria’s 2025 GDP projections by the same entities.

“In collating their projections for GDP 2025, we observed that there’s a threshold difference between projections by global bodies and domestic entities.

RelatedStories

Eid-el-Kabir : President Tinubu Urges Nigerians To Imbibe Core Values Of Sacrifice, Devotion, Selflessness

President Tinubu Visits Dangote Refinery, Commissions New Roads In Lekki

Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion

Gov. Ododo Media Aide Offers Youth Corps Member Permanent Job At LugardTV

“So, while IMF projected a lowly 3.2 per cent real GDP growth for Nigeria in 2025 the World Bank forecasted that Nigeria’s economy will grow by 3.5 per cent in 2025.

PwC also made projection within this narrow range, projecting a 3.3 per cent GDP growth in 2025.

“These projections are in stark contrast with those of the CBN and Rewane’s Financial Derivatives Company.

The CBN projected that the economy will expand by 4.17 per cent this year while the Financial Derivative Company has projected a potential 6 per cent GDP growth for Nigeria in 2025.

“From our standpoint, it appears the global institutions have a deficient understanding of the dynamics of the ongoing reforms being superintended by the Tinubu’s administration.

“What has become evident in Nigeria’s economic change reality is the wholesome transmutation from a handout, populist model to a market driven economic model, though, there still some vestiges of the old model in some segments of the economy but we can submit that the reforms have, in many ways released the economy from the stranglehold of growth constraints like price control brought on by subsidies.

“We, therefore, align with the 4.7 per cent to 6 per cent GDP growth range projected by the CBN and Financial Derivative Company.

“Indeed, our modelling of the Nigerian production and fiscal spheres indicates a possible 5.4 per cent GDP growth in 2025.

“This is on the back of the sustained decline in inflation rate, reduced exchange rates volatility, declining interest rates through the year, continued foreign portfolio and foreign direct investments into the country, “it added.

IMPI also noted that it was not surprised that Nigeria’s 2024 3.40 per cent full year GDP growth is higher than the projections of global institutions and financial analysts.

“The value of Nigeria’s 2024 aggregate outputs of both goods and services as reflected in the year’s Gross Domestic Product is a complete affirmation of the impact of President Bola Ahmed Tinubu’s economic reforms which started on 29th May, 2023.

“At 3.40 per cent full year 2024 GDP growth, the performance of the Nigerian economy in the 12 months of last year beats projections made by global institutions and experts.

“The 2024 GDP growth in the value of the economy is an increase of 0.66 per cent from the 2.74 per cent recorded in 2023.

“The 2024 aggregate GDP figure is driven by the 3.84 per cent economic performance recorded in the fourth quarter of the year.

“In view of various projections on GDP’s potential growth at the beginning of every fiscal year, we collated and compared the National Bureau of Statistics issued real GDP figure for 2024 with the projections made by global institutions that include the International Monetary Fund (IMF), the World Bank, PWC (Price Waterhouse and Cooper) and the Financial Derivative Company for Nigeria.

“Our analysis showed that the IMF, after three projections adjustment beginning from a low of 2.9 per cent GDP 2024, it settled for a 3.30 per cent projected growth.

“However, like the World Bank, which projected the economy to grow by the same 3.30 per cent, this projection fell short of Nigeria’s 2024 actual real GDP growth by 1.10 percent

“In the same vein, Bismarck Rewane, Chief Executive Officer of Financial Derivatives Company aligned with the IMF and World Bank projections, stating that Nigeria’s economy will grow by 3.30 per cent in 2024.

“PwC, one of the top four global accounting power houses, availed the Nigerian economy a lower level benefit of the doubt when it projected that the country’s GDP will grow marginally by 3.1per cent .

“As things turned out, all the global institutions missed their projections of Nigeria’s economic growth in 2024 by more than one percentage point on the down side, however, the GDP projection by the Federal Government of Nigeria and the Central Bank of Nigeria did not match the 3.76 per cent GDP projected growth by both the FGN and the CBN for 2024,” it added.
(vitalnewsngr.com)

Tags: CBNEconomyGDPgrowth
Previous Post

In Ado Ekiti, Church Members Boycott Sunday Service To Demand Priest’s Removal

Next Post

Angolan Businessman Nabbed For Drug Trafficking In Kano, Excretes 120 Wraps Of Cocaine

Vital News

Vital News

RelatedStories

Eid-el-Kabir : President Tinubu Urges Nigerians To Imbibe Core Values Of Sacrifice, Devotion,  Selflessness
National

Eid-el-Kabir : President Tinubu Urges Nigerians To Imbibe Core Values Of Sacrifice, Devotion, Selflessness

June 5, 2025
President Tinubu Visits Dangote Refinery, Commissions New Roads In Lekki
News

President Tinubu Visits Dangote Refinery, Commissions New Roads In Lekki

June 5, 2025
Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion
News

Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion

June 5, 2025
Ododo Came Right On Time To Rescue Kogi From Stagnation, Underdevelopment, Says Media Aide, Isah
News

Gov. Ododo Media Aide Offers Youth Corps Member Permanent Job At LugardTV

June 5, 2025
IGP Reiterates Ban On Public Parade Of Suspects
Crime

Gunmen Kill Two Police Officers, Abduct Chinese National, One Other At Kwara Mining Site

June 5, 2025
Next Post
Angolan Businessman Nabbed For Drug Trafficking In Kano, Excretes 120 Wraps Of Cocaine

Angolan Businessman Nabbed For Drug Trafficking In Kano, Excretes 120 Wraps Of Cocaine

Ramadan School Closures : CAN Urges Bauchi, Katsina, Kano , Kebbi To Reopen Schools Or Face Legal Action

Ramadan School Closures : CAN Urges Bauchi, Katsina, Kano , Kebbi To Reopen Schools Or Face Legal Action

Kogi, China Partner To Establish Special Economic Zone In Ajaokuta

KOGI-HUNAN SPECIAL ECONOMIC ZONE AND OTHER GAME CHANGERS FOR DEVELOPMENT IN THE STATE By Ismaila Isah

Leave a Reply Cancel reply

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

Follow Us

Recommended

EFCC Vs Bello : Court Summons EFCC Chairman, Olukeyede For Alleged Contempt

EFCC Vs Bello : Court Summons EFCC Chairman, Olukeyede For Alleged Contempt

1 year ago
President Tinubu Swears In RMAFC, FCC Commissioners, 8  Permanent Secretaries

President Tinubu Swears In RMAFC, FCC Commissioners, 8 Permanent Secretaries

4 months ago
Sokoto Deputy Governor, Manir Dan Iya  Dumps PDP

Eid-el-Kabir : PDP Urges Fervent National Prayers, Cautions APC, FG Over Anti-People Policies

2 years ago
150-Year History Of The Political Lords Of Lagos : From Sapara Williams To Bola Ahmed Tinubu

Yahaya Bello Celebrates Tinubu At 71

2 years 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

Gov. Ododo Media Aide Offers Youth Corps Member Permanent Job At LugardTV

Gunmen Kill Two Police Officers, Abduct Chinese National, One Other At Kwara Mining Site

Professor Jibril Aminu Dies @85

Alayegunle Of Ayegunle Ekiti, Oba Folorunsho Aderiye Removed By Subjects

Nigerian Military Eliminates Two Top ISWAP Commanders in Borno, Foils Attack on Damboa

Contract Updates : Raheem Sterling, Jorginho, 18 Other Players To Depart Arsenal June 30

Trending

Eid-el-Kabir : President Tinubu Urges Nigerians To Imbibe Core Values Of Sacrifice, Devotion,  Selflessness
National

Eid-el-Kabir : President Tinubu Urges Nigerians To Imbibe Core Values Of Sacrifice, Devotion, Selflessness

by Vital News
June 5, 2025
0

President Bola Ahmed Tinubu has called on all Nigerians to show resilience, tolerance, compassion, and dedication to...

President Tinubu Visits Dangote Refinery, Commissions New Roads In Lekki

President Tinubu Visits Dangote Refinery, Commissions New Roads In Lekki

June 5, 2025
Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion

Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion

June 5, 2025
Ododo Came Right On Time To Rescue Kogi From Stagnation, Underdevelopment, Says Media Aide, Isah

Gov. Ododo Media Aide Offers Youth Corps Member Permanent Job At LugardTV

June 5, 2025
IGP Reiterates Ban On Public Parade Of Suspects

Gunmen Kill Two Police Officers, Abduct Chinese National, One Other At Kwara Mining Site

June 5, 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

  • Eid-el-Kabir : President Tinubu Urges Nigerians To Imbibe Core Values Of Sacrifice, Devotion, Selflessness June 5, 2025
  • President Tinubu Visits Dangote Refinery, Commissions New Roads In Lekki June 5, 2025
  • Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion June 5, 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