Search

Nigeria’s economy poised for strong 2026 recovery amid inflation drop, oil rebound

Street market in Kaduna, Nigeria. Photo @Pexels
Street market in Kaduna, Nigeria. Photo @Pexels
  • Nigeria forecasts 4.49% economic growth in 2026
  • Inflation expected to drop to 12.94% in 2026

 

ABUJA, NIGERIA – Nigeria’s economy is on track to accelerate in 2026, powered by falling inflation, stronger oil output, and deepening reforms, said the central bank.

According to the Central Bank of Nigeria’s (CBN) latest Macroeconomic Outlook, the West African country’s gross domestic product is projected to expand by 4.49% next year – up from an estimated 3.89% in 2025. The improvement reflects gains across both the oil and non-oil sectors, sustained macroeconomic stability, and the cumulative impact of reforms launched since 2023.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

Fatima Ezzahra El Mansouri, Morocco’s first woman prime minister. Photo @Fatima Ezzahra El Mansouri/Facebook
Fatima El Mansouri: Morocco’s first woman premier inherits World Cup pressures
Read More »
Aliko Dangote, Africa's richest businessman. Photo @ Africa CEO Forum
What threatens Dangote’s $16bn Kenya refinery bet? Lamu land risk
Read More »
Dakar, Senegal © Unsplash
Senegal's debt trap tightens as restructuring deadline nears
Read More »

Latest Posts

Latest news insights