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August 4, 2026 - 8:44 PM

Nigeria’s Economy Now Growing Ahead of UK and US- Bwala

The Special Adviser to President Bola Ahmed Tinubu on Policy Communication, Daniel Bwala, has declared that Nigeria’s economic outlook is strengthening, with growth projected to outpace that of major global economies, including the United States and the United Kingdom.

Bwala made the assertion in a post on X while reacting to the latest World Economic Outlook released by the International Monetary Fund in April 2026.

According to the IMF report, Nigeria’s economy is forecast to expand by 4.1 percent in 2026—well above projections for the United States (2.3%), United Kingdom (0.8%), Germany (0.8%), and South Africa (1.0%).

Growth is expected to climb further to 4.3 percent in 2027, positioning Nigeria among the top-performing economies in Sub-Saharan Africa, where the regional average is projected at 4.3 percent for 2026.

Reacting, Bwala credited the improving outlook to ongoing economic reforms under Tinubu’s administration, noting that while the measures have been tough, they are beginning to deliver tangible results.

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