World Bank Forecasts Nigeria's Economy to Grow 4.4% in 2026-2027
The World Bank predicts Nigeria's economy will experience a significant upturn with a projected growth rate of 4.4% in 2026-2027, marking the country's fastest growth in over ten years. This forecast reflects sustained optimism in Nigeria's medium-term economic outlook, driven by improvements in macroeconomic fundamentals despite structural challenges.
The report emphasizes the role of ongoing economic reforms, particularly in the non-oil sector, to diversify the economy and reduce reliance on crude oil exports. Nigeria's GDP grew by 3.46% in the third quarter of 2025, indicating positive performance across key sectors.
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