Nigeria Set for Fastest Economic Growth in Over a Decade – World Bank

‎Nigeria’s economy is on track to achieve its fastest growth in more than ten years, according to the latest forecast from the World Bank. The institution announced that it has upgraded Nigeria’s growth outlook to 4.4 percent for both 2026 and 2027, signaling renewed optimism for Africa’s largest economy.

‎The World Bank’s revised projection reflects stronger-than-expected performance in key sectors, improved fiscal management, and resilience in the face of global economic challenges. If realized, this growth rate would mark Nigeria’s most robust expansion since the early 2010s, offering hope for job creation, poverty reduction, and increased investor confidence.

‎Economic analysts suggest that the forecast underscores Nigeria’s potential to rebound from years of sluggish growth, driven by diversification efforts beyond oil, investments in infrastructure, and reforms aimed at stabilizing the macroeconomic environment.

‎The announcement comes at a critical time, as policymakers continue to grapple with inflationary pressures, currency volatility, and the need to strengthen governance. Still, the World Bank’s outlook provides a positive signal that Nigeria could be entering a new phase of sustained economic momentum.