NEWS Beep: Shocking as IMF Excludes Nigeria from List of Fastest-Growing Economies in Sub-Saharan Africa

The International Monetary Fund (IMF) has just excluded Nigeria from the list of Africa’s fastest-growing economies.

In its Regional Economic Outlook report for sub-Saharan Africa, launched on Thursday in Washington DC, IMF listed Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda as the fastest-growing economies on the continent neglecting Nigeria.

The report, launched at the ongoing annual meetings of the IMF and World Bank, said the region has demonstrated remarkable resilience to “a series of major shocks over the past several years”.

“…and it features several of the world’s fastest-growing economies, including Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda,” the report reads.

“However, economic performance remains markedly weaker in resource-intensive countries and in several conflict-affected states.

“In these economies, which represent most of the region’s population, gains in income per capita remain modest—around 1 percent a year on average, and less in the poorest countries.”

The IMF however said, the economic growth in sub-Saharan Africa is projected to remain at 4.1 percent in 2025 — the same rate as in 2024 — with a modest increase expected in 2026.

….stay tuned for more!