Nigeria Urged to Prioritize Policy Stability for Growth

During a recent public presentation on Nigeria's macroeconomic outlook for 2026, Jani Ibrahim, President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), called for the government to prioritize policy stability to drive economic growth. He highlighted that consistent policies are fundamental for maintaining investor confidence and achieving sustainable prosperity.

Ibrahim noted that recent economic reforms, including exchange rate liberalization and subsidy removal, have begun to stabilize key indicators, projecting GDP growth of 4-5% and inflation around 15%. He stressed the importance of fiscal clarity, particularly regarding tax regimes and exchange rate management, to shape the macroeconomic outlook.

Gbenga Omotoso, representing the Lagos State Ministry of Information Strategy, described the economic report as a realistic assessment of Nigeria's challenges and opportunities. The report anticipates a GDP growth of 4.49% by 2026 with inflation easing to 12.94%.

Ibrahim concluded that consistent policy implementation is crucial for the success of these reforms.