World Bank Forecasts Nigeria's Economy to Grow at 4.4% in 2026–2027

The World Bank has revised Nigeria's economic growth forecast to 4.4% for 2026–2027, indicating a positive medium-term outlook for the country. The report highlights the country's fastest growth pace in decades, primarily driven by sustained growth in the service sector, rebound in agriculture, and modest acceleration in non-oil industrial activities.

The World Bank emphasizes the importance of ongoing economic reforms, particularly in the tax system, to support economic activities and strengthen macroeconomic stability. The forecast reflects efforts to diversify Nigeria's economy, reduce reliance on crude oil exports, and promote non-oil growth to create jobs and stabilize prices.