Vanguard News IMF raises Nigeria’s economic growth forecast to 2.5% On ECONOMY The International Monetary Fund (IMF) has raised its economic growth forecast for Nigeria in 2021 to 2.5 per cent. The IMF had earlier projected that the nation’s economy as measured by the Gross Domestic Product (GDP) will grow by 1.5 per cent in 2021 per cent. The new projection was contained in the April edition of the IMF’s World Economic Outlook (WEO) released yesterday. The IMF however slightly reduced the growth forecast for the nation’s economy in 2022 to 2.3 per cent from 2.5 per cent. Furthermore, the IMF raised its economic growth forecast for the Sub Saharan Africa region in 2021 and 2020 to 3.4 per cent and 3.8 per cent respectively from 3.1 per cent and 3.7 per cent earlier projected in its October WEO.