World Bank Raises Nigeria’s 2026 Economic Growth Projection to 4.4%
By Erewunmi Peace
The World Bank has raised its projection for Nigeria’s economic growth rate in 2026 to 4.4 percent, up from the 3.7 percent forecast released in June 2025.
The revised outlook was announced on Tuesday in the World Bank’s latest Global Economic Prospects report. According to the report, Nigeria’s improved growth projection reflects stronger performance in key sectors of the economy and gradual stabilization following recent economic reforms.
The World Bank attributed the upward revision to increased activity in the services sector, improved agricultural output, and growth in non-oil industries, as well as expectations of better macroeconomic management. The report also projects Nigeria’s economy to maintain a growth rate of 4.4 percent in 2027.
Despite the improved outlook, the World Bank cautioned that challenges such as inflationary pressures, exchange rate volatility, and global economic uncertainties could still affect growth if not properly managed.
Nigeria remains Africa’s largest economy, and the World Bank noted that sustained reforms, improved investment climate, and economic diversification will be critical to achieving long-term growth and stability.
