Nigeria’s Economy Grows Fastest Since 2022 Ahead of Tax Reforms

Nigeria’s economy expanded at its fastest pace in three years in 2025, buoyed by stronger oil production and industrial output, as authorities prepare to roll out tax reforms and cut interest rates further.

Gross domestic product rose 3.87% last year, up from 3.38% in 2024, according to data released by the National Bureau of Statistics on Friday.

The outcome is likely to bolster the government’s view that the economy is stabilizing after a series of painful reforms, including liberalizing the currency market and removing fuel subsidies, as it heads into elections on Jan. 16.

President Bola ...