Independent Media and Policy Initiative (IMPI) has stated that the economic framework introduced by the administration of President Bola Tinubu is expected to boost the nation’s Gross Domestic Product (GDP) from 2026.

In a policy statement signed by its Chairman, Dr Omoniyi Akinsiju, IMPI projected that the economy would hit 5.5 per cent in 2026, higher than the forecasts of the World Bank and the International Monetary Fund (IMF).

It attributed this optimistic outlook to a combination of far-reaching structural reforms, fiscal discipline and policy realignments being implemented by the current administration.

According to the think tank, the current measures in areas such as subsidy reform, exchange rate management, public finance restructuring, and private-sector-led growth are gradually laying a stronger foundation for sustainable economic expansion. It noted that while the reforms had come with short-term adjustments, their long-term impact would strengthen productivity, improve investor confidence and unlock new growth opportunities across key sectors of the economy.

The policy group further argued that the projected 5.5 per cent growth rate reflects the anticipated benefits of improved macroeconomic stability, increased domestic and foreign investment, and a more efficient allocation of resources. IMPI maintained that the gains could position Nigeria on a firmer growth trajectory than current global projections suggest.

It noted that, beyond the IMF’s new GDP projection, IMPI observed a consensus among virtually all known individual and public economic commentators for an economic growth performance expectation of more than 4 per cent for the Nigerian economy.

“While the Nigerian Government projected 4.68 percent growth in 2026, the Lagos Chamber of Commerce and Industry (LCCI) projected a massive seven percent, 1.5 percent higher than the Nigeria Economic Summit Group’s 5.5 percent for the year.

“PwC sustained the conservative threshold by projecting a 4.3 percent growth conditioned on a higher oil price, while the World Bank also revised its earlier 3.7 percent projection to 4.4 per cent.

“The agglomeration of these positive economic growth outlooks by domestic and global institutional players points to an emerging economic paradigm that emphasises increased production and productivity momentum, foreign exchange stability, disinflation, galvanised foreign direct investment and inflow, and an unobtrusive regulatory environment, anchored in policy-driven economic facilitation,” it added.