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IMF Projects Nigeria’s Inflation to Rise to 37% in 2026

by Nelson Ugwuagbo
IMF

The International Monetary Fund (IMF) has forecast that Nigeria’s headline inflation will climb to 37.0 percent in 2026, highlighting persistent concerns over price stability in the country.

The projection was revealed in the IMF’s April 2025 World Economic Outlook (WEO), which outlines Nigeria’s macroeconomic outlook amid ongoing structural reforms and global economic uncertainties.

The Fund had earlier projected a temporary easing, with inflation expected to average 26.5 percent in 2025, down from 33.2 percent in 2024. However, the anticipated rebound in 2026 signals that underlying inflationary pressures remain unresolved.

The IMF warned that, despite short-term adjustments, sustained efforts will be required to address the structural factors driving inflation and to stabilise the country’s economy.

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