The World Bank has reaffirmed its forecast that Nigeria’s economy will grow by 3.6% in 2025, maintaining its earlier projection despite shifting global trade dynamics.
This projection was outlined in the Bank’s latest Global Economic Prospects report released on Tuesday. The report also revealed that growth forecasts for nearly 70% of global economies — including the United States, China, and Europe, as well as six emerging market regions — have been downgraded compared to projections made just six months ago.
The World Bank reduced its global growth forecast for 2025 by 0.4 percentage points to 2.3%, citing rising tariffs and growing uncertainty as major headwinds for most economies. It warned that global economic performance could deteriorate further if trade tensions continue to escalate.
Despite these global challenges, Nigeria’s outlook remains stable. The Bank had earlier projected a 3.6% growth rate for the country in 2025, following an estimated 3.4% expansion in 2024, attributing this positive trajectory to ongoing macroeconomic reforms aimed at improving the business environment.
