Echotitbits – Nigeria News

Tag: Nigeria GDP

  • Economic Expert Projects 4% GDP Growth for 2026 Under Reform Gains

    Economic Expert Projects 4% GDP Growth for 2026 Under Reform Gains

    Figures cited by The Nation suggest Nigeria could record up to about 4%–4.5% GDP growth in 2026 if ongoing reforms are sustained, according to Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprises (CPPE).

    Yusuf cautioned that structural bottlenecks still constrain productivity and warned that overly optimistic revenue assumptions in the 2026 budget could weaken implementation if oil price volatility persists.

    ThisDay and Daily Post also reported the forecast and highlighted Yusuf’s emphasis that growth must translate into jobs, especially as household spending pressures remain high even with signs of moderating inflation.

    Echotitbits take: 4% growth is respectable, but Nigeria’s real test is whether reforms deliver broad employment and higher productivity. Watch quarterly GDP data for stronger contributions from manufacturing and agriculture—not just services.

    Source: ThePunch – https://punchng.com/sustained-reforms-can-push-nigerias-gdp-to-4-in-2026-expert/ 2026-01-07

    Photo Credit: ThePunch

  • CBN Forecasts 4.49% GDP Growth for 2026 Amid Lower Inflation Targets

    CBN Forecasts 4.49% GDP Growth for 2026 Amid Lower Inflation Targets

    According to The Nation, the Central Bank of Nigeria has projected an optimistic economic outlook for 2026, forecasting a 4.49% growth in Gross Domestic Product. The apex bank also anticipates that inflation will ease significantly, aiming for an average of 12.94% by the end of the year.

    The projections are based on the expected stabilization of the foreign exchange market and an increase in domestic oil production. The CBN believes that the ‘painful but necessary’ reforms of the past two years are finally yielding a foundation for sustainable non-oil sector expansion.

    This optimism is shared by the World Bank, which recently gave a ‘positive verdict on Nigeria’s economic growth trajectory,’ citing three years of unbroken growth. Furthermore, The Guardian reported that AI integration in the financial sector will ‘revolutionize risk pricing and personalized liquidity management,’ further supporting the CBN’s modernization goals.

    Echotitbits take: Achieving sub-13% inflation from the highs of 2024–2025 is an ambitious target. Watch for the CBN to maintain high interest rates well into mid-2026 to ensure this disinflationary trend isn’t disrupted by election-cycle spending or supply shocks.

    Source: The Guardian — https://guardian.ng/business-services/cbn-projects-4-49-growth-lower-inflation-in-2026-outlook/
    The Guardian January 3, 2026

    Photo Credit: The Guardian