The Nigerian Economic Summit Group has projected Nigeria’s gross domestic product to grow by 5.5 percent in 2026. The forecast was presented in Lagos during the launch of the group’s 2026 Macroeconomic Outlook report.
Speaking at the event, the NESG Chief Economist and Director of Research and Development, Olusegun Omisakin, said the report outlines key economic targets for 2026. These include an inflation rate of 16 percent and an exchange rate of N1,480 to the dollar.
According to the report, titled “Consolidating economic stabilisation gains: pathway to sustainable growth in Nigeria,” the country’s external reserves are also expected to increase to 52 billion dollars.
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The projection comes as the World Bank recently revised Nigeria’s economic outlook. On Tuesday, the global financial institution raised its growth forecast for Nigeria in 2026 to 4.4 percent from the 3.7 percent projected in June 2025, and also upgraded its 2027 growth estimate to 4.4 percent.
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