Nigeria is targeting faster economic growth in 2026 as recovering crude oil production, structural reforms, and improved macroeconomic conditions strengthen prospects despite prevalent risks, DARE OLAWIN writes
Nigeria’s real Gross Domestic Product growth for 2026 is projected to range between 4.1 per cent and seven per cent, reflecting stronger economic momentum supported by structural reforms and a rebound in the oil sector.
Following the 4.43 per cent GDP growth recorded by the country, as released by the National Bureau of Statistics in the second quarter, analysts said the performance in the second half of the year would continue to be influenced by domestic and external risks.
The projections vary among major institutions. The World Bank expects Nigeria’s economy to grow by 4.4 per cent, citing stronger resilience and better-than-expected economic performance.
The International Monetary Fund projects real GDP growth at 4.1 per cent, while PwC Nigeria estimates expansion at 4.2 per cent, driven by improved crude oil production and performance in key sectors.
