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IMF: Nigeria to Become Africa's 3rd Largest Economy by 2026

10/25/2025

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Summary

Story summary

The International Monetary Fund projects Nigeria will become Africa's third-largest economy by 2026, linked to reforms such as subsidy removal and higher oil production.
Nigeria is not among Africa's fastest-growing economies, while Benin and Ethiopia grow faster.
The IMF warns global growth will slow, with Africa's GDP reaching $3.32 trillion by 2026.
Structural challenges persist, including a $108 billion annual infrastructure gap and high youth unemployment.

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Story summary

The International Monetary Fund projects Nigeria will become Africa's third-largest economy by 2026, linked to reforms such as subsidy removal and higher oil production.
Nigeria is not among Africa's fastest-growing economies, while Benin and Ethiopia grow faster.
The IMF warns global growth will slow, with Africa's GDP reaching $3.32 trillion by 2026.
Structural challenges persist, including a $108 billion annual infrastructure gap and high youth unemployment.