Nigeria to Record Fastest Economic Growth in 2026 — World Bank
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The World Bank has projected that Nigeria’s economy is set to record its fastest growth in more than a decade, upgrading its growth forecast to 4.4 per cent for 2026 and 2027.
The projection was disclosed in the Bank’s latest economic outlook, released yesterday, reflecting improved confidence in Nigeria’s macroeconomic reforms and medium-term prospects. According to the World Bank, the stronger outlook is driven by expected gains from fiscal and monetary reforms, improved foreign exchange management, and gradual recovery in key sectors of the economy.
The Bank noted that increased oil production, better revenue mobilisation, and renewed investor confidence could further support growth, alongside expansion in non-oil sectors such as services, agriculture, and manufacturing. It also highlighted the importance of sustained policy implementation to consolidate recent gains.
Despite the positive outlook, the World Bank cautioned that risks remain, including inflationary pressures, global economic uncertainties, and structural challenges such as poverty and unemployment. It stressed that continued reforms, social protection measures, and investment in human capital would be crucial to ensure that growth is inclusive and sustainable.
The upgraded forecast places Nigeria among the faster-growing economies in sub-Saharan Africa and signals renewed optimism about Africa’s largest economy after years of subdued growth.
