Abuja, Jan.16,2026. — The Tinubu Media Support Group (TMSG) has described the World Bank’s 4.4 per cent economic growth forecast for Nigeria as more realistic than its previous projections.
The group said the new forecast showed that the World Bank had underestimated the capacity of the Bola Tinubu administration in the past two years.
In a statement issued on Wednesday in Abuja and signed by its Chairman, Mr Emeka Nwankpa, and Secretary, Mr Dapo Okubanjo, the group said the upward revision of Nigeria’s growth outlook for 2026 and 2027 reflected confidence in the government’s economic reforms.
According to TMSG, the World Bank’s decision followed Nigeria’s economic performance in 2025, when the economy grew by 4.2 per cent, exceeding the Bank’s earlier projection of 3.7 per cent.
It noted that the World Bank had revised its earlier growth forecasts of 3.7 per cent and 3.8 per cent for 2026 and 2027 to 4.4 per cent for both years.
The group recalled that the International Monetary Fund (IMF) and the World Bank had earlier projected economic growth of 3.0 per cent and 3.6 per cent respectively for Nigeria in 2025, citing a global oil slump.
It added that the Independent Media and Policy Initiative (IMPI) had countered those projections, arguing that Nigeria would outperform expectations because it was no longer predominantly dependent on oil.
TMSG said the upward revision of the World Bank’s projections aligned with IMPI’s position and underscored the growing contribution of non-oil sectors to the economy.
According to the statement, the World Bank attributed the growth outlook to continued expansion in the services sector, a rebound in agricultural output, and modest growth in non-oil industries.
The group said the Bank also credited ongoing economic reforms, including new tax laws and prudent monetary policy, for the improved performance and outlook.
TMSG described the projection as an endorsement of President Tinubu’s economic policies, noting that the World Bank expected Nigeria to record its fastest economic growth in a decade.
The group urged Nigerians to remain confident in the administration’s ability to sustain economic growth and improve living standards.
