Reporting by **CNBC Africa** indicates that Finance Minister Wale Edun has officially declared Nigeria’s entry into an “economic consolidation phase” after two years of aggressive reforms. The government expects the economy to grow by 4.68% in 2026, supported by a more stable Naira and a projected average inflation rate of 16.5%.
Edun emphasized that the period of extreme volatility following the removal of fuel subsidies and currency devaluation is ending. The 2026 fiscal strategy will focus on digitalizing revenue collection and implementing pro-poor tax measures to ease the burden on low-income households while maintaining the debt-to-GDP ratio at 36.1%.
**The Nation** reported on the consolidation, noting “growth forecast at 4.68% for 2026,” while **ThisDay** highlighted that “reforms this year to focus on digital revenue collection.”
**Echotitbits take:** The “consolidation” phase is the government’s way of saying the hardest pain is over. If the 4.68% growth target is met, it will be the highest in a decade, but the success of “pro-poor tax measures” will determine if the average Nigerian actually feels this recovery.
Source: Reuters – https://www.reuters.com/world/africa/nigeria-enters-consolidation-phase-after-two-years-reforms-says-finance-chief-2026-01-15/, and April 19, 2026
Photo credit: Reuters
