IMF Slashes Nigeria’s 2025 Growth Outlook to 3.0% Amidst Declining Oil Supply

The International Monetary Fund (IMF) has made a notable adjustment to its economic projections for Nigeria, reducing the growth estimate for 2025 to 3.0%. This downgrade is primarily linked to ongoing difficulties in the oil supply sector, which remains a vital component of Nigeria’s economy. The IMF’s revised outlook raises concerns about the sustainability of economic recovery as the country faces declining oil production and fluctuating global market conditions. Given that oil is…