In its Global Economic Prospects for June released on Tuesday, the bank predicted that Nigeria will have a three-year unbroken growth records at 3.6 percent in 2025, 3.7 percent in 2026 and 3.8 percent in 2027.

“Growth in Nigeria is forecast to strengthen to 3.6 percent in 2025 and to an average of 3.8 percent in 2026-27,” the report reads.

“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.”

However, in its report, the World Bank cut its forecasts for nearly 70 percent of all economies, including the United States, China, and Europe, as well as six emerging market regions, from the levels it projected just six months ago, before the United States President Donald Trump took office.

The World Bank also downgraded its global growth forecast for 2025 by 0.4 percentage points to 2.3 percent, saying higher tariffs and heightened uncertainty pose a “significant headwind” for nearly all economies.