World Bank Forecasts 4.4% Nigeria Growth in 2026-2027

The World Bank has forecasted that Nigeria's economy will expand by 4.4 percent in both 2026 and 2027, marking the fastest growth pace in more than a decade for Africa's largest economy. This projection, detailed in the bank's January 2026 Global Economic Prospects report, reflects an upward revision from earlier estimates and highlights a strengthening recovery amid ongoing reforms.

In 2025, Nigeria's gross domestic product grew by 4.2 percent, according to the report. This uptick was propelled by robust expansion in the services sector, particularly finance and information and communication technology, alongside a modest rebound in agriculture and the country's shift to becoming a net exporter of refined petroleum products. Officials at the World Bank attributed these gains to recent policy measures, including the removal of fuel subsidies, exchange rate unification, and tighter monetary policy by the Central Bank of Nigeria, which have helped stabilize the macroeconomic environment after years of imbalances.

Looking ahead, the bank anticipates sustained momentum from continued growth in services and agriculture, coupled with a modest acceleration in non-oil industrial...