Eric Patrick
Nigeria’s economy is expected to grow by 3.6% in 2025, according to the latest Global Economic Prospects report from the World Bank. While this represents steady progress, the forecast places Nigeria behind 18 other African countries in terms of projected economic growth.
The report shows that several neighboring nations are expected to outperform Nigeria.
Ghana’s economy is projected to grow by 3.9%, Mali by 4.8%, and Niger Republic by a robust 7.1%.
Other African countries with higher growth expectations include:
Senegal – 7.9%
Benin – 7.2%
Guinea – 6.5%
Ethiopia – 6.4%
Cabo Verde – 5.9%
The Gambia – 5.6%
Guinea-Bissau and Liberia – 5.1% each
Mauritania – 4.9%
Democratic Republic of Congo and Mali – 4.8%
Kenya – 4.5%
Burkina Faso – 4.3%
Sierra Leone – 4.1%
Madagascar and Comoros – 3.7%
READ ALSO: Borrowing the Future: Inside Tinubu’s $30bn Loan Drive, What It Means for Nigeria’s Economy
Despite the projected growth, Nigeria continues to grapple with economic challenges. The Central Bank of Nigeria (CBN), in its April Inflation Perception Report, highlighted that rising electricity and petrol prices, insecurity, and exchange rate instability are among the key drivers of persistent inflation.
These structural issues continue to weigh on the country’s productivity and overall business environment, contributing to its relatively modest growth outlook.
