By Peter Egwuatu
The Nigerian Economic Summit Group (NESG) has projected Nigeria’s inflation to remain elevated during the remainder of 2026, averaging 15.5 percent in the second half 2026, H2’26, and for the entire year.
This projection is premised on persistent challenges including widespread insecurity in major farming communities, climate-related disruptions particularly flooding and high transportation costs arising from logistics challenges.
In its outlook for 2026, the NESG added that election-related spending, seasonal demand associated with the festive period, and relatively high energy costs could generate temporary cost-push inflationary pressures during H2-2026.
“Howevaer, these pressures could be partly offset by continued exchange rate stability, the lagged effects of tight monetary policy, and favourable base effects” it noted.
