MIDDLE EAST CRISIS: IMF cuts growth forecast for Nigeria’s economy to 4.1%

The IMF has cut its 2026 growth forecast for Nigeria to 4.1%, blaming rising fuel, fertilizer and shipping costs linked to the Middle East crisis. The downgrade signals slower economic expansion and higher consumer prices, tightening household budgets and pressure on agriculture and trade sectors across

•Cites, higher fuel, fertiliser prices, increased shipping costs By Babajide Komolafe, Economy Editor The International Monetary Fund (IMF) has lowered its growth forecast for Nigeria’s economic growth to 4.1 percent in 2026, citing higher fuel, fertilizer prices and increased shipping costs triggered by the impact of the ongoing Middle East crisis. The latest forecast for Nigeria […] The post MIDDLE EAST CRISIS: IMF cuts growth forecast for Nigeria’s economy to 4.1% appeared first on Vanguard News.