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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, NIGERIANigeria’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.

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