Nigeria’s economy is expected to expand by 3.6 per cent in 2025 and remain at 3.8 per cent between 2026 and 2027, the World Bank Group has projected.

Earlier in 2025, the global lender predicted that the gross domestic product (GDP) of the country would rise by 3.6 per cent.

It kept this forecast intact in its latest Global Economic Prospects report released on Tuesday and seen by Business Post.

The bank noted that Nigeria and its peers in the Sub-Saharan African region will suffer the impact of the trade war between the United States and China.

The World Bank disclosed further that the economy would continued to be driven largely by the services sector.

“Growth in Nigeria is forecast to strengthen to 3.6 per cent in 2025 and to an average of 3.8 per cent in 2026-27. Following monetary policy tightening in 2024 to address rapid currency depreciation, inflation is projected to decline gradually.

“Domestic reforms have helped spur investment, supporting growth in the services sector, especially in financial services and information and communication technology.

“Services activity will continue to be the main driver of growth, while the industrial sector will remain constrained by subdued crude oil production as last year’s slight rebound wanes,” a part of the report stated.

In the report, the lender cut its forecasts for nearly 70 per cent of all economies, including the United States, China, and Europe.

The global growth forecast for 2025 was also sliced by 0.4 per cent to 2.3 per cent because of trade tensions between the US and China.