The World Bank has retained Nigeria’s economic growth forecast at 4.4 percent for 2027 and upgraded its 2026 projection to the same level, signalling confidence in the country’s medium-term outlook. The forecast, published in the January 2026 Global Economic Prospects report, aligns with the Bank’s Nigeria Development Update released in October 2025 and reflects improving macroeconomic conditions.
According to the World Bank, Nigeria is expected to record 4.4 percent growth in both 2026 and 2027, its fastest pace in over ten years. The expansion is projected to be driven by sustained growth in services, a rebound in agriculture, and a modest pickup in non oil industrial activity. Ongoing tax reforms and prudent monetary policy are expected to support activity, improve investor sentiment, and help reduce inflation.
The outlook underscores the growing role of non oil sectors in Nigeria’s diversification drive. Stronger services and agriculture could support job creation, stabilise prices, and broaden fiscal revenues, offering policymakers and investors cautious optimism despite remaining structural challenges.
