Last year, Nigeria’s economy recorded its fastest growth in three years, with a GDP increase of 3.84% in the fourth quarter—up from 2.74% in 2023. This strong performance was largely driven by the vibrant services sector, which grew by 5.37% year-on-year. The government has projected a GDP growth of 4.6% for 2025, with an ambitious long-term target of 7% annually, reflecting confidence in ongoing reforms and strategic investments.

The International Monetary Fund (IMF) forecasts Nigeria’s economy to grow by 3.0% in 2025, while also projecting a notable decline in inflation to 25%, down from an average of 32.55% in 2024. These improved outlooks signal that recent macroeconomic and fiscal reforms are beginning to bear fruit. Nigeria’s positive trajectory highlights its growing economic resilience and potential for sustainable development.