The International Monetary Fund (IMF) has disclosed that Nigeria’s per capita income has reduced to $835.49 in 2025.
According to official data from the IMF, Nigeria’s per capita income has significantly declined over the years, placing it below several of its West African neighbours in terms of average income per person.
Nigeria’s GDP per capita in 2025 which stood at $835.49 further plummeted to $877 in 2024.
In Ghana, the IMF revealed that the country boosts a GDP per capita of $5,716 in 2025. According to the international agency, Ghana has maintained modest growth, positioning its citizens with a higher average income compared to Nigerians.
But the situation is different in Nigeria as the IMF noted that a reduced per capita income means lower purchasing power for Nigerians, pushing more citizens below the poverty line and exacerbating income inequality.
The agency also pointed out that a low GDP per capita might lead to weaker consumer demand, which could hinder business growth, expansion, and overall economic development.
The economic situation might contribute to increased social tensions or even brain drain as skilled workers seek better opportunities abroad.
As of 2014, Nigeria’s GDP per capita was approximately $3,223 with the recent estimates from the IMF revealing a significant decline in 11 years.
