Nigeria Set to Become Africa’s Top Contributor to Global Growth in 2026, IMF Says
Nigeria Set to Become Africa’s Top Contributor to Global Growth in 2026, IMF Says
The West African nation will surpass South Africa as Africa's leading contributor to global economic growth in 2026—driven by an expected 4.4% rise in real GDP—marking a shift in the continent’s economic landscape, according to an IMF report.
Nigeria is expected to account for 1.5% of total global real GDP growth this year, placing it among the world’s top ten contributors and making it the only African country on the list, the report said.
This rise is attributed to Nigeria's economic reforms—including exchange-rate adjustments and fuel subsidy removal, according to the IMF.
South Africa, historically ahead in contribution due to its larger nominal economy, faces constraints from power shortages, logistical issues, and weak investment, leading to lower growth projections of 1.4% in 2026, the report noted.
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