World Bank Projects Steady Economic Growth for Nigeria Over Three Years

The World Bank has released optimistic projections for Nigeria’s economy, forecasting an unbroken growth trajectory over the next three years. According to its latest Global Economic Prospects report, the bank anticipates a Gross Domestic Product (GDP) growth rate of 3.6% in 2025, followed by 3.7% in 2026, and 3.8% in 2027.

The report, made public on Wednesday, June 11, 2025, attributes this positive medium-term outlook to anticipated improvements in oil output, the ongoing implementation of economic reforms by the Nigerian government, and a gradual rebound in investor confidence. However, the World Bank also highlighted critical risks that could challenge this sustained growth, including persistent inflationary pressures, exchange rate volatility, and high fiscal deficits.

The bank emphasized that the effective implementation of macroeconomic reforms, particularly in areas such as energy pricing, revenue mobilization, and exchange rate management, will be crucial in achieving these projected growth rates. Policymakers in Nigeria were urged to prioritize structural reforms aimed at fostering private sector development, enhancing critical infrastructure, and improving human capital to ensure long-term economic expansion.

This forecast offers a glimmer of hope amidst current economic challenges, suggesting that the government’s reform agenda is beginning to yield positive prospects for the nation’s economic future.