Nigeria: As Fiscal Deficit Widens, IMF Projects Nigeria's Investment At 20 Percent of GDP
[This Day] The International Monetary Fund (IMF), has predicted that Nigeria's total investment will rise to 20 per cent of Gross Domestic Product (GDP) in 2026, its highest level since 2020, even as the country's fiscal deficit is expected to widen, highlighting the contrasting outlook for investment activity and government finances.
The International Monetary Fund (IMF) has forecasted that Nigeria's total investment will rise to 20% of its GDP in 2026, its highest level since 2020, despite the country's fiscal deficit widening. This contrasts with a period of declining investment from 2020 to 2024, followed by a projected recovery. The primary balance is expected to shift from surplus to deficit, while government gross debt is projected to decline.
The IMF further predicts a 4.2% growth in Nigeria's real GDP in 2026, with non-oil growth reaching 4.19%.
Brief written by urgent.news from AllAfrica's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
