EBRD Projects Nigeria's Economy to Grow 4.2% in 2026
The European Bank for Reconstruction and Development (EBRD) has projected Nigeria's economy will grow by 4.2% in 2026, followed by a slight moderation to 4.0% in 2027. This forecast remains unchanged despite the EBRD revising its growth projection for the Sub-Saharan Africa region down from 5.1% to 4.8%.
The EBRD's economic outlook, released on September 25, 2026, attributes Nigeria's growth to ongoing economic reforms, investment activities, and improved external balances. However, the report warns that higher energy prices, trade disruptions, and climate-related risks could impact the economic outlook.
The first half of 2026 showed resilient economic activity, bolstered by services, agriculture, and commodity exports. The report also notes that while several countries, including Nigeria, received sovereign rating upgrades, high debt-servicing costs continue to limit fiscal space in the region.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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