Echotitbits – Nigeria News

Tag: Nigeria 2026

  • PwC Forecasts 4.3% GDP Growth for Nigeria in 2026, Cites Reforms and Digital Shift

    PwC Forecasts 4.3% GDP Growth for Nigeria in 2026, Cites Reforms and Digital Shift

    Insights from The Punch show PwC Nigeria is projecting a 4.3% expansion in Nigeria’s GDP in 2026, pointing to energy sector recovery and ongoing digital transformation in financial services.

    The report also linked growth prospects to sustained reform momentum, including fiscal adjustments and improvements in oil-region security.

    PwC flagged risks around inflation and external shocks, warning that poorly managed transitions could squeeze SMEs.

    **Echotitbits take:** The projection is achievable—but only if reforms translate into investment, stable prices and inclusive growth. Watch for policy clarity and execution speed, especially around taxes, FX and energy.
    Source: BusinessDay — https://businessday.ng/business-economy/article/nigerias-tax-to-gdp-ratio-seen-rising-in-2026-as-reforms-kick-in/ 2026-01-08

    Photo Credit: BusinessDay

  • CBN projects faster growth and stronger reserves in 2026 as inflation eases

    CBN projects faster growth and stronger reserves in 2026 as inflation eases

    According to Premium Times, the CBN’s 2026 macro outlook projects faster economic expansion alongside further inflation moderation and stronger external buffers.

    The baseline assumes reform momentum continues—supporting business confidence, improving FX market credibility, and lifting investment planning if volatility stays contained.

    On prices, the outlook points to headline inflation easing further in 2026 as food and energy pressures cool and supply conditions improve, though risks remain from oil-output shocks and fiscal slippages.

    CBN also sketches a fiscal picture that still requires revenue reforms and expenditure discipline to avoid renewed macro stress.

    Vanguard reported the central bank forecast includes “a 4.49 per cent growth in GDP” and external reserves rising to “$51.04 billion.” Leadership similarly highlighted that CBN “forecasts $51bn external reserves in 2026.”

    Echotitbits take: This is cautious optimism, not a victory lap. Watch oil output, FX liquidity, and whether fiscal discipline holds—those will decide if the forecast becomes reality.

    Source: Premium Times – https://www.premiumtimesng.com/news/top-news/846528-nigerian-economy-expected-to-grow-4-49-in-2026-inflation-to-ease-cbn.html December 30, 2025
    Premium Times December 30, 2025

    Photo Credit: Premium Times

  • Federal Government Targets $1 Trillion GDP Through Radical Investment Mobilization

    Federal Government Targets $1 Trillion GDP Through Radical Investment Mobilization

    According to The Guardian Nigeria, the Federal Government has unveiled a strategic roadmap to propel Nigeria toward a $1 trillion Gross Domestic Product (GDP) by 2036. The 2026 phase of this plan focuses on ‘stabilization to expansion,’ prioritizing the removal of regulatory barriers to unlock private capital.

    The Minister of State for Finance, Dr. Doris Uzoka-Anite, emphasized that the government is moving away from purely fiscal management to a sector-led growth model. This involves fast-tracking ‘bankable projects’ in agriculture, manufacturing, and tech to attract both domestic and foreign investors.

    Proshare confirmed the policy direction, reporting that ‘the FG outlines key policies to accelerate growth and job creation’ in the coming months. AllAfrica further validated the story, stating that ‘2026 marks a turning point’ where the government will pivot decisively toward attracting long-term capital.

    Echotitbits take: Ambition is good, but the $1 trillion target requires consistent double-digit growth, which Nigeria hasn’t seen in decades. The success of this agenda hinges entirely on whether the government can provide ‘policy clarity’ that actually survives the frequent shifts in political leadership.

    Source: The Guardian — https://guardian.ng/news/fg-targets-1tr-economy-through-investment-local-production/
    The Guardian January 3, 2026

    Photo Credit: The Guardian