President Tinubu Delivers Again As IMF List Nigeria Among The World’s Fastest Growing Economy

President Tinubu Delivers Again As IMF List Nigeria Among The World’s Fastest Growing Economy

Yesterday, the International Monetary Fund projected that Nigeria would have one of the fastest-growing economy in the world in 2026. Only a handful of nations, such as India, China ranked above Nigeria. You may want to read the IMF projections yourself here: https://www.imf.org/en/publications/weo/issues/2026/04/14/world-economic-outlook-april-2026

While the IMF projected 6.5% GDP growth for India in 2026 and 4.4% for China, Nigeria’s growth projection for 2026 is 4.1%.

This is a spectacular achievement for a country that was on the verge of financial collapse when President Bola Ahmed Tinubu was sworn into office on 29 May 2023.

At that time, our debt service-to-revenue ratio was critical, reaching 96%, a figure that fell below 50% in 2025 and is expected to further decline in 2026.

These new figures from the IMF, published yesterday, corroborate a February report by The Economist Magazine that noted Nigeria’s “golden years” are likely to return under President Tinubu’s reforms.

And it is no surprise that the same IMF listed Nigeria as the sixth-largest contributor to global GDP growth in 2025, a fact celebrated by Elon Musk, the world’s richest man.

The reforms by President Bola Tinubu are bearing fruit, and, coincidentally, just as the President was declaring open the new headquarters of the Nigerian Revenue Service, Quartus Economics recently revealed that, for the first time ever, Nigeria’s tax revenue has overtaken income from oil and gas.

Quartus Economics, in a report titled “Nigeria Unshackled: Inside the Steady Rise of a Fiscal State”, exposed that between 2023 and 2025, an estimated ₦62.3 trillion was earned from taxes alone, with the non-oil sector contributing the highest proportion.

This is the Nigeria we have all dreamed of for many years. A country that is not dependent on a finite resource, such as fossil fuels, for its revenue. And this is only happening because we have a First Class Accountancy graduate as President who also has the courage to implement painful but necessary reforms.

Reforms, like the removal of fuel subsidies, which have moved Nigeria from being the largest importer of fuel in Africa in 2023, to the single biggest exporter of refined petroleum products in West Africa in 2026.

Reforms, such as the Naira’s flotation, have led to a massive influx of foreign direct investment into Nigeria.

And the inflow of FDI has driven the expansion of our capital market, as the total market capitalisation of the Nigerian Exchange, which stood at ₦27.915 trillion on December 30, 2022, before President Tinubu’s inauguration in 2023, hit ₦122 trillion in January of 2026, which we thought was unprecedented. That is almost five times what it was before you were elected.

But what we thought was unprecedented has now been precedented, with the All Share Index hitting the 200,000-point mark on Monday, March 16, 2026.

These macroeconomic indicators are trickling down to the masses, which is why in the last two years, our GDP has expanded by $67 billion, rising from ₦269.29 trillion on May 29, 2023, when Asiwaju became President, to ₦372.8 trillion today. And we have enjoyed twelve cycles of not only GDP growth but also trade surpluses.

And in the area of public works, no other administration in the history of Nigeria has democratised road construction to the extent that the Tinubu government has done, simultaneously connecting the Southwest with the South-South via the 750-kilometre Lagos-Calabar Coastal Highway being built for ₦15 trillion, linking the Northwest to the Southwest with the 1068-kilometre Illela-Sokoto-Badagry Superhighway costing ₦13 trillion, and bridging the gap between the Southeast and the entire North through the 465-kilometre Trans-Saharan Road being constructed at a price of an estimated $750 million.

And because strikes by the Academic Staff Union of Universities are a thing of the past, the professors’ sector is now assured a consistent flow of skilled staff from our universities, even as Labour Unions have enjoyed considerable cooperation with the Federal Government under President Tinubu, leading to an undisputed industrial growth in the last three years, leading Nigeria to have the second-largest manufacturing capacity in Africa after Egypt.

Yes, we do have security challenges; however, they are localised, professionally handled, and will gradually become a thing of the past, especially given that Nigeria hosted 1.2 million foreign tourists who visited Lagos for Detty December between December 2025 and January 2026. They stayed for weeks, as they regaled in all that Nigeria had to excite them during the Yuletide end-of-year festivities.

It was probably the largest gathering of its kind without even one murder or reported domestic incident.

So, all things being told, this affirmation of the resolve of the Nigerian economy under President Bola Tinubu should give every Nigerian relief that our economy is headed in the right direction and that it is in the best interests of all of us to continue cooperating with the President and his government for more of these Tinubu gains.

Reno Omokri

Ambassador Designate to Mexico. Gospeller. Deep Thinker. #TableShaker. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Hodophile. Hollywood Magazine Humanitarian of the Year, 2019. Business Insider Influencer of the Year, 2022. 21st Most Talked About Person in Africa, 2024.