Nigerian Economist and ACTN Flag Investment Slowdown Ahead of Elections

The Association of Corporate Treasurers of Nigeria (ACTN) and renowned economist Bismarck Rewane have raised concerns about a potential investment slowdown in Nigeria leading up to the upcoming elections. Speaking at the ACTN Economic Outlook 2026 event in Lagos, Rewane highlighted the importance of a cautious approach to monetary policies to support economic growth.

He projected a conservative outlook for the Nigerian economy in 2026, anticipating interest rate cuts, improved inflation, and foreign exchange availability as key drivers of growth. Despite some positive factors like business and consumer confidence, external constraints such as oil prices and exchange rate differentials are expected to persist.

Rewane warned of risks including policy reversals, fiscal challenges, and inflationary pressures. Yinka Ogunnubi, President of ACTN, emphasized the need for stability in foreign exchange rates to prevent heavy losses for corporations.

The event aimed to equip treasurers with realistic expectations for 2026 and urged caution amidst changing economic conditions.