MAN Forecasts 14% Inflation Rate and 23% Benchmark Interest in Nigeria by 2026

The Manufacturers Association of Nigeria (MAN) forecasts a 14% inflation rate and a 23% benchmark interest rate in Nigeria by 2026, citing factors such as stable food prices and energy costs. MAN's Director of Research, Dr.

Oluwasegun Osidip, expressed optimism that the Central Bank of Nigeria (CBN) will maintain its disinflationary policies to stimulate credit expansion and boost output growth. The projection also includes expectations of a strengthened naira, higher GDP growth, and improved fiscal space.

The CBN recently announced a 50 basis point reduction in the Monetary Policy Rate (MPR) to 27.5%.