Presidency: Nigeria’s economy growing faster than US, UK

By Tolulope Oke

The Presidency has said Nigeria’s economy is now growing faster than that of the United States and the United Kingdom, reflecting the impact of ongoing reforms under President Bola Ahmed Tinubu.

The statement was made by Daniel Bwala, Special Adviser to President Tinubu on Policy Communication, on his X account, following the release of the latest International Monetary Fund (IMF) World Economic Outlook in April 2026.

According to the IMF report, Nigeria’s economy is set to expand by 4.1% in 2026, compared with 2.3% for the United States, 0.8% for the United Kingdom, 0.8% for Germany, and 1.0% for South Africa. Growth is further forecast at 4.3% in 2027, positioning Nigeria among the strongest performers in Sub-Saharan Africa, where the regional average is also 4.3% for 2026.

Bwala attributed the positive performance to reforms implemented under President Tinubu’s administration, noting that the policies are beginning to yield tangible results.

“Nigeria, under the visionary leadership of President Bola Ahmed Tinubu, is turning the corner. Our economy is growing at 4.1% in 2026, faster than the US, UK, Germany, and even South Africa. Slowly but steadily, the reforms are showing tangible fruits. President Tinubu is not joking; he is seriously fixing the economy,” he wrote.

The IMF outlook highlights Nigeria’s resilience amid global economic uncertainties, crediting structural reforms in key sectors such as fiscal management, energy, and trade for supporting the growth momentum.