NESG: 2027 Election Spending, Insecurity Pose Risks to Nigeria’s H2 Growth Outlook

Flooding, insecurity threaten agriculture, food supply, non-oil growth

Stronger oil recovery, capital inflows may push growth above projections

Emmanuel Addeh in Abuja

The Nigerian Economic Summit Group (NESG) has warned that Nigeria’s economic growth outlook for the second half of 2026 could be threatened by global economic and geopolitical shocks, rising political activities ahead of the 2027 general elections, persistent insecurity and climate-related disruptions.

In its H1 2026 State of the Economy report titled: “Turning Potential into Progress: Accelerating Nigeria’s Industrialisation for Economic Transformation”, the NESG identified a combination of domestic and external factors capable of weakening the country’s macroeconomic stability, slowing non-oil sector expansion and undermining investor confidence.

NESG: 2027 Election Spending, Insecurity Pose Risks to Nigeria’s H2 Growth Outlook

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