A new macroeconomic outlook report by EnterpriseNGR presented on Thursday says Nigeria’s economic reforms are helping the economy move towards stability in 2026.
The report was launched in Lagos and outlines trends in growth, inflation and foreign exchange conditions that analysts say reflect improved policy effects.
The 2026 macroeconomic outlook, developed in partnership with EY-Parthenon, is titled “Reform-Led Stability: Boosting Confidence, Unlocking Sustainable Growth.”
It focuses on how ongoing reforms in fiscal, monetary and foreign exchange policy have started to show results in key economic indicators.
Mrs Obi Ibekwe, Chief Executive Officer of EnterpriseNGR, said the economy has reached a “critical inflection point” where growth and stability are emerging after years of adjustment. She said stabilisation is visible in inflation, foreign exchange market conditions and real GDP outlook.
The report notes that year-on-year inflation has eased to about 15.15 per cent, one of the lowest levels in several years. Foreign exchange market reforms have improved transparency and liquidity, helping to narrow gaps and attract investor interest.
The Head of Research at EnterpriseNGR, Mr Omotayo Muritala, said projections show Nigeria might record around 4 per cent economic growth in 2026 if reform momentum continues. He said services, agriculture, trade and telecommunications are expected to drive much of this expansion.
Analysts said foreign exchange liberalisation, fiscal adjustments and improvements in market operations have eased pressure on prices and supported stability. They also highlighted that external reserves and transparency in FX pricing have strengthened confidence among investors and businesses.
An associate partner from EY-Parthenon noted that recent reforms have improved transparency and liquidity, creating conditions that may attract longer-term capital and infrastructure investment.
Other economic projections also point to a stable outlook for 2026. The Central Bank of Nigeria (CBN) estimates Nigeria’s economy could expand by about 4.49 per cent this year if structural reforms continue, supported by easing inflation and stronger output.
The World Bank has similarly revised its growth forecast for Nigeria to 4.4 per cent for 2026, citing stronger fundamentals and reform progress.
Despite positive signs, analysts say maintaining reform consistency is essential. They pointed out risks from global uncertainty, oil market volatility and structural weaknesses in infrastructure and food supply that could slow progress if not addressed.
EnterpriseNGR said policymakers, investors and the private sector must protect reform credibility to ensure stabilisation leads to inclusive growth. Continued monitoring of inflation, exchange markets and investment trends will shape Nigeria’s economic path in 2026.
