The All Progressives Congress (APC) has commended President Bola Tinubu’s economic reforms following new projections from the World Bank and the International Monetary Fund (IMF) that show stronger growth prospects for Nigeria.
In a statement issued on Tuesday by its National Publicity Secretary, Felix Morka, the ruling party described the global validation of Nigeria’s policies as proof that the country is “on the cusp of prosperity.”
According to the IMF’s latest outlook, Nigeria’s GDP is projected to grow by 3.9% in 2025 and 4.2% in 2026, up from an earlier forecast of 3.4%. The World Bank’s report also predicts a growth increase from 4.2% in 2025 to 4.4% in 2027, citing the expansion of agriculture, services, and other non-oil sectors as key drivers.
Read Also: Enugu Governor Peter Mbah Defect to APC
The APC said the improved outlook reflects the success of the Tinubu administration’s efforts to diversify the economy away from oil dependence and promote local production. Nigeria recorded a 4.23% GDP growth rate in Q2 2025, outperforming global projections despite slower global growth trends.
While acknowledging challenges such as food inflation and poverty, the party said ongoing government interventions—including agricultural productivity programs and social protection schemes—will soon translate into tangible relief for citizens.
The statement highlighted strong fiscal performance, noting a 44.3% rise in trade surplus to ₦7.46 trillion in Q2 2025 and a 40.5% increase in non-oil revenue between January and August 2025.
Morka also cited the end of Ways and Means financing, improved NNPC remittances, and exchange rate harmonization as factors that have reduced inflation to 20.1% and stabilized the Naira.
The APC maintained that Nigeria’s economy is witnessing a major turnaround under President Tinubu, positioning the country for long-term growth and renewed investor confidence.
