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Nigeria’s GDP Could Hit $334 Billion, Says IMF, Thanks to Reforms
Nigeria’s GDP Could Hit $334 Billion, Says IMF, Thanks to Reforms
The International Monetary Fund (IMF) has linked Nigeria’s recent economic growth to the country’s policy reforms and structural initiatives, projecting that the nation’s Gross Domestic Product (GDP) could reach $334 billion in the coming years.
In its latest report, the IMF highlighted that Nigeria’s implementation of fiscal reforms, investment-friendly policies, and economic diversification strategies has contributed significantly to a resilient economic recovery, despite challenges in the global economy.
The Fund noted that reforms in energy, infrastructure, and agriculture have bolstered growth, attracting both foreign direct investment (FDI) and domestic capital. It also emphasized the role of digital economy initiatives, financial inclusion programs, and regulatory improvements in enhancing private sector participation.
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According to the IMF, Nigeria’s real GDP growth has accelerated due to a combination of prudent monetary policy, targeted fiscal measures, and expansion in key sectors such as oil and gas, telecommunications, and services. The Fund further projected that sustained reforms could see GDP reaching $334 billion, positioning Nigeria as one of the fastest-growing economies in Africa.
The IMF report underscores the importance of continuing structural reforms, including streamlining government spending, improving tax collection, and fostering a business-friendly environment to maintain momentum.
Economic analysts have welcomed the projections, noting that achieving the $334 billion GDP target would require continued commitment to reforms, effective governance, and investment in human capital and infrastructure.
The report also highlighted risks to Nigeria’s economic outlook, including global commodity price fluctuations, security challenges, and potential fiscal pressures, which could impact growth if not properly managed.
The IMF encouraged the Nigerian government to prioritize policies that enhance economic resilience, create jobs for the youth, and promote sustainable development, while maintaining macroeconomic stability.
Nigeria’s economic resurgence, as noted by the IMF, reflects decades of policy evolution, with the current administration leveraging reforms to expand trade, investment, and industrialization opportunities.
Nigeria’s GDP Could Hit $334 Billion, Says IMF, Thanks to Reforms
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News
Adunni Ade Reveals Christian Fans Unfollowed Her After Publicly Identifying as Muslim
Adunni Ade Reveals Christian Fans Unfollowed Her After Publicly Identifying as Muslim
Nollywood actress Adunni Ade has opened up about the reaction she received after publicly identifying as a Muslim, revealing that some of her Christian fans unfollowed her because of her religious identity.
The actress said she initially found it difficult to openly discuss her faith because of what she described as the pressures associated with being a public figure in the Nollywood industry.
According to Ade, publicly identifying as a Muslim within the Nigerian film industry can be difficult, and she described the situation as “almost forbidden” based on her personal experience.
She explained that she eventually became tired of keeping her religious identity private and decided to be open about her faith.
Ade said the decision came with consequences, including losing some followers and receiving messages from people who questioned her choice.
“Some people unfollowed me. I got DMs from people trying to cast out spirits. Some people prayed for me,” she said while discussing her experience.
However, the actress added that she also received considerable support from Muslims, many of whom welcomed her more warmly after she publicly acknowledged her faith.
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Ade stressed that her decision to practise Islam should not be interpreted as an attack on Christianity or Christians.
She said she had experienced both Christian and Muslim religious environments and was not suggesting that Christianity was a bad religion. Rather, she explained that Islam was the faith that worked for her personally.
The actress’ comments have renewed attention on her long-standing and publicly discussed religious journey, which has included experiences with both Christianity and Islam.
Ade had previously spoken about her faith in 2020, explaining that she was born and raised Muslim but grew up in a family where different religious traditions were represented.
She said her father allowed his children to choose their preferred religion, while members of her extended family included both Christians and Muslims.
The actress also disclosed that she attended different Christian churches, including Mountain of Fire and Miracles Ministries (MFM), Redeemed Christian Church of God (RCCG), Christ Living Apostolic Ministry (CLAM) and Christ Apostolic Church (CAC).
Ade said she later returned to Islam on December 31, 2016, after reflecting on her religious identity and concerns about how people might react to her decision.
She said at the time that returning to Islam made her feel happier and more fulfilled.
Her religious identity also came under renewed public discussion in 2026 after she was seen attending an event at a Celestial Church of Christ in Lagos.
Following questions from social media users about whether she had returned to Christianity, Ade clarified that she remained a practising Muslim.
She explained that her presence at the church-related event was connected to her professional relationship with the celebrant and was not evidence of a change in her religion.
Ade’s latest comments therefore provide further context to a faith journey she has discussed publicly over several years.
While describing her experience as difficult at times, she maintained that her decision to openly identify as a Muslim was ultimately a personal one.
Her statement that being openly Muslim in Nollywood is “almost forbidden” reflects her personal experience and perception; it should not be taken as evidence of a formal industry-wide rule restricting actors from publicly identifying with a particular religion.
The actress’ disclosure has also highlighted the wider challenges public figures can face when personal beliefs become subjects of public discussion, particularly in an industry where celebrities often maintain diverse fan bases with different religious and cultural backgrounds.
Adunni Ade Reveals Christian Fans Unfollowed Her After Publicly Identifying as Muslim
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News
FG Targets 95% NIN Coverage by December 2026
FG Targets 95% NIN Coverage by December 2026
The Federal Government is targeting 95 per cent National Identification Number (NIN) coverage nationwide by December 2026 as it expands Nigeria’s digital identity system.
President Bola Tinubu announced the target during the 2026 National Identity Day celebration in Abuja, where he was represented by Chief of Staff Femi Gbajabiamila.
The President said NIN enrolment had risen to about 142 million, up from more than 80 million recorded when his administration came into office.
To reach the new target, the government plans to expand registration through ward-level enrolment, mobile registration initiatives and licensed agents. Reports from the event said free enrolment is being extended to all 8,809 wards across the country.
Identity System for Digital Economy
Tinubu said the government wants to build an identity infrastructure that can support Nigeria’s growing digital economy.
He said a secure national identity could make it easier to access services while supporting areas such as digital banking, healthcare, transportation and government programmes.
The President also said the expansion must go hand in hand with safeguards for citizens’ privacy and dignity.
Beyond enrolment numbers, he said the government was working towards a more connected digital public system, including electronic health records, e-transport services and a more coordinated national data architecture.
The NIMC’s ongoing expansion therefore aims not only to register more Nigerians and legal residents, but also to make the identity system a key part of how people access digital and public services.
FG Targets 95% NIN Coverage by December 2026
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News
OAU Investigates Death of Final-Year Student as Police Begin Probe
OAU Investigates Death of Final-Year Student as Police Begin Probe
Obafemi Awolowo University (OAU), Ile-Ife, Osun State, is investigating the death of a final-year student of the institution.
The student, Oluwole Oluwosegun, was studying Materials Science and Engineering at the university.
According to the university’s Public Relations Officer, Olarewaju Abiodun, the incident occurred on Tuesday afternoon at the student’s off-campus residence around the Damico area of Ooni Layout, Ile-Ife.
After receiving the report, the university’s Quick Response and Security (QRS) Team went to the location. The team also contacted the Nigeria Police, after which officers from the ‘A’ Division in Moore, Ile-Ife, joined them at the scene.
The university later took the student to its Health Centre, where a medical doctor confirmed his death.
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Police Begin Investigation
Following the incident, university authorities handed relevant information and items recovered from the scene to the police to support their investigation.
The police have since begun inquiries into the circumstances surrounding the student’s death.
Meanwhile, the university said it had informed the appropriate student affairs authorities to provide necessary follow-up, particularly regarding the welfare and emotional support of students affected by the incident.
Vice-Chancellor Professor Simeon Bamire also expressed condolences to the student’s family, friends, classmates and colleagues.
The university further encouraged students facing severe emotional distress, relationship difficulties, financial pressure or other personal challenges to seek help from trusted people and available university support services.
Professor Bamire reaffirmed the institution’s commitment to the welfare of its students and staff, stressing that no student should feel they must face overwhelming difficulties alone.
OAU Investigates Death of Final-Year Student as Police Begin Probe
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