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Japan's economy saw a modest expansion of 0.2% in the fourth quarter, indicating a sluggish recovery and presenting challenges for Prime Minister Sanae Takaichi's economic agenda amid ongoing concerns about inflation and domestic demand.
Gbenga Olawepo-Hashim has asserted that Nigeria's economy has significantly declined under the All Progressives Congress, with its GDP plummeting from approximately $574 billion in 2015 to about $230 billion today, attributing this to policy failures and insecurity.
Dr. Gbenga Hashim, a presidential hopeful from the Peoples Democratic Party (PDP), has critiqued the economic performance of President Bola Ahmed Tinubu, stating that Nigeria's GDP has shrunk significantly compared to two decades ago and previous administrations.
The International Monetary Fund (IMF) projects Nigeria's economy to reach $334 billion in 2026, potentially positioning it as Africa's third-largest economy, overtaking Algeria. This forecast is attributed to increased oil production, improved foreign exchange liquidity, and the impact of economic reforms.
The Ekiti State government has set a target of N8.8 trillion for its Gross Domestic Product (GDP) in the 2026 fiscal year, supported by a budget of N415.572 billion. Significant investments will be made in infrastructure, agriculture, and education.
The Independent Media and Policy Initiative (IMPI) has projected that Nigeria's Gross Domestic Product (GDP) will reach 5.5% in 2026, citing the current administration's new economic model. This projection surpasses forecasts from international financial institutions.
