April 21, 2026 | SUNTV Global Channel
A new report by the (IMF) has projected that at least 21 African countries will record faster economic growth than by 2027.
According to the IMF’s Sub-Saharan Africa outlook, Nigeria’s economy is expected to grow by 4.3% in 2027—showing modest recovery but falling behind several peers across the continent.
Among the top performers, is projected to grow by 7.9%, by 7.6%, and by 8.2%. is expected to lead with a strong 9.3% growth rate.
In West Africa, and are projected at 6.7% and 6.3% respectively, while is forecast at 4.9%.
Other countries expected to outperform Nigeria include (4.7%), (6.1%), (4.7%), (5.7%), and (5.4%), among others.
The report highlights that Nigeria’s economic outlook remains vulnerable to global oil price fluctuations, given its heavy reliance on crude oil revenues. Additional challenges such as inflation, exchange rate instability, infrastructure deficits, and fiscal pressures continue to slow down growth.
While the projected 4.3% growth suggests gradual recovery, analysts say Nigeria must accelerate economic diversification, stabilize its macroeconomic environment, and implement structural reforms to compete effectively with faster-growing African economies.
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