Nigeria’s economy is projected to expand between 3.6 and 4 percent in annual growth in 2026, driven by non-oil sector expansion, policy stability, and renewed investor confidence, according to FSDH Merchant Bank.
“As reforms mature and external headwinds ease, 2026 could mark the start of Nigeria’s next growth phase, one defined less by crisis management and more by resilience, productivity, and investor confidence,” the Lagos-based financial services provider said in its newly released report titled “From Reform to Resilience: Unlocking Nigeria’s Next Growth Chapter.”
Since President Bola Tinubu removed the unsustainable fuel subsidies and floated the naira more than two years ago, Africa’s most populous nation has begun to heave a sigh of fiscal relief that’s now seen inflation drop to its lowest in about three years and the naira holding firm.