World Bank Maintains Nigeria's 2027 Growth Forecast at 4.4%, Upgrades 2026 Outlook

The World Bank has affirmed Nigeria's economic growth forecast at 4.4% for 2027 and revised the 2026 outlook upwards, citing strong services and agricultural sectors. The report highlights Nigeria's fastest growth pace in decades, mainly driven by sustained momentum in the service sector and modest growth in non-oil industrial activities.

Ongoing reforms, particularly in the tax system and prudent monetary policies, are expected to support economic activities and investor confidence. The emphasis on non-oil growth reflects Nigeria's shift towards a diversified economy.