On January 14, 2026, the Nigerian government unveiled an economic growth forecast of 4.68% for the coming year, supported by falling inflation, stabilized exchange rates, and ongoing fiscal reforms. The projection was presented by Finance Minister Wale Edun during the launch of the 2026 Macroeconomic Outlook report by the Nigerian Economic Summit Group (NESG). With inflation significantly reduced and exchange rate volatility under control, the country is preparing to consolidate its reforms to ensure sustainable growth in 2026.
The Nigerian government recently announced an economic growth forecast of 4.68% for 2026, supported by falling inflation, stabilized exchange rates, and ongoing fiscal reforms. The projection was presented by Finance Minister and Coordinating Minister for the Economy, Wale Edun, during the launch of the 2026 Macroeconomic Outlook report by the Nigerian Economic Summit Group (NESG).
The year 2026 is an election year, marked by numerous election-related activities. This period will therefore see increased economic activity.
Paul Alaje, Economic Analyst
This forecast comes as inflation, which had reached a worrying high of 33% in 2024, has fallen to 14.45% in November 2025, according to official sources. At the same time, exchange rate fluctuations have been brought under control, with the naira trading at less than 1,500 nairas to the dollar. The country’s foreign exchange reserves have also reached $45.5 billion, a significant improvement compared to previous years.
To lift Nigeria out of its long-term economic crisis and build a developed economy, it is essential to adopt a strategic approach, particularly with regard to the processing sector.
Paul Alaje, Economic Analyst
Economic forecasts for 2026 also include an average inflation rate estimated at 16.5% and an exchange rate stabilization around 1,400 nairas per dollar, according to official sources.
