The Nigerian economy is projected to experience a growth rate of between 4.0 and 4.5 percent in 2026, according to a forecast by The Centre for the Promotion of Private Enterprise. This prediction was made by the Centre’s Chief Executive Officer, Dr. Muda Yusuf, in an economic review of 2025 and outlook for 2026. The projected growth is expected to be driven by continued moderation in inflation and a stronger performance from the non-oil sector.
In 2025, the Nigerian economy achieved a notable level of stability, with one of the most visible achievements being the stability of the foreign exchange market. This development is expected to have a positive impact on the economy in 2026. The Centre for the Promotion of Private Enterprise anticipates that the Nigerian economy will transition from a state of stability to one of growth, driven by sustained economic reforms.
The predicted GDP growth rate of 4.0 to 4.5 percent is a significant indicator of the potential performance of the Nigerian economy in 2026. The non-oil sector is expected to play a crucial role in driving this growth, with the continued moderation in inflation also contributing to the predicted expansion. The Centre’s forecast suggests that the Nigerian economy is poised for a period of cautious optimism, with the potential for growth and development in the coming year.
The stability of the foreign exchange market in 2025 has provided a solid foundation for the predicted growth in 2026. The Nigerian economy has faced challenges in recent years, including fluctuations in the foreign exchange market and high inflation rates. However, the current forecast suggests that the economy is on a path towards recovery and growth, driven by sustained economic reforms and a stronger non-oil sector.
As the Nigerian economy looks to the future, the predicted growth rate of 4.0 to 4.5 percent in 2026 is a significant development. The Centre for the Promotion of Private Enterprise’s forecast provides valuable insights into the potential performance of the economy, highlighting the importance of sustained economic reforms and a strong non-oil sector. With the foreign exchange market stability and predicted GDP growth, the Nigerian economy is poised for a period of growth and development in the coming year.